Italy Unemployment Rate

Italy's unemployment rate unexpectedly went up to 7.5% in February 2024 from an upwardly revised 7.3% in January, beating market expectations of 7.2% and pointing to a cooldown in the labor market. The number of unemployed people rose by 46 thousand to around 1.912 million, while the number of employed individuals grew by 41 thousand to 23.773 million. Also, the youth unemployment rate, measuring job-seekers between 15 and 24 years old, increased to 22.8% from 22.1% in the previous month.