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Number of people in employment down 17,000 in May

Number of people in employment down 17,000 in May

But Istat reports year-on-year rise of 462,000 workers

ROME, 02 July 2024, 11:20

ANSA English Desk

ANSACheck
- ALL RIGHTS RESERVED

- ALL RIGHTS RESERVED

Istat said Tuesday that the number of people in employment in Italy dropped by 17,000 (0.1%) in May with respect to April, ending a run of three consecutive month-on-month rises.
    The national statistics agency added that the employment rate fell by 0.1 of a percentage point to 62.2% in May.
    But it added that the number of people in work was up by 462,000 (2.0%) compared to May 2023 at 23.954 million.
    Istat said the year-on-year increase was driven by an increase of 498,000 in the number of people in permanent jobs and a rise of 42,000 of the self-employed, while the number of temporary workers decreased by 77,000.
    The agency said Italy's unemployment rate was stable at 6.8% in May, while the jobless rate for under-25s who are active on the labour market rose of 0.1 of a point to 20.5%.
    It said the inactivity rate was also up 0.1 of a point to 33.1%.
   
   

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