The labor market reform has contributed to employment growth in Italy. To say it is the bulletin of the European Central Bank, according to which the increase in jobs in Italy would be in line with that recorded in the rest of the Eurozone. For the ECB, however, it is still early to understand whether this growth is destined to continue.
"The reform of the labor market introduced in Italy in 2015 - reads the bulletin of the central institute - has also contributed to the renewed dynamism of employment in the country in recent quarters". Positive, therefore, the judgment on the Jobs Act launched by the government of Matteo Renzi.
The acceleration in employment recorded in the last four quarters was, however, lower than that recorded by Germany and Spain, two other countries that have launched major reforms of the labor market.
In any case, as mentioned, “with just 12 quarters of the post-crisis recovery in euro area GDP, it is still too early to tell whether the recent strong growth in employment is likely to remain a long-term feature of EU labor markets. area”, as clarified by the European Central Bank.
