A February the rate of unemployment went back to 10,7% (+0,1%) compared to the previous month. This was revealed by Istat by disclosing the provisional data. Currently people in seeks employment they are even 2 million 771 thousand, increased by 1,2% (+34 thousand). However, the number of unemployed on an annual basis is declining: -1,4%, -39 thousand. Based on the figure with the pre-crisis low (5,8% in April 2007), the fact stands out that the unemployment rate is still almost 5 points higher. February's unemployment reading appears to be in line with recent unemployment alerts zero GDP growth, launched by Prometeia and Confindustria.
The Istat explains that “on an annual basis theemployment grows by 0,5%, equal to +113 thousand units", and that "in the quarter December 2018-February 2019, employment, both overall and by gender, recorded substantial stability compared to the previous three months. In the same period, temporary employees decreased, while a positive signal was recorded for permanent employees".
In "slight" decrease (-0,1%) compared with January (32,9%) rate youth unemployment (15-24 year olds), i.e. the incidence of unemployed young people on the total number of those employed or looking for work, which in February stood at 32,8%. It turns out that the data is almost 14 points higher compared to the pre-crisis low (19,4% in February 2007).
The rate of occupation in February it goes to 58,6% from 58,7% in January (-0,1%). The rate of inactivity remains stable al 34,3%.
“A February 2019 the estimate of employed is slightly down compared to January (-0,1%, equal to -14 thousand units)”, explains the institute. “The trend of employed people is determined by decrease in employees (-44 thousand), both permanent (-33 thousand) and term (-11 thousand), while in the last month they resulted in increase the independents (+30 thousand).
Il decline in employment is concentrated in the class of middle age of 35-49 years old (-74 thousand), while the sign is confirmed good for people over XNUMX (+51 thousand)".
