September 8, 2023

In July 2023 the number of employed people in Italy fell, while unemployed and inactive persons increased.

On a monthly basis, the decrease of employment (-0.3%, -73 thousand) concerned both men and women, and people aged 25-49. Overall, the employment rate dropped to 61.3% (-0.2 p.p.).

In the last month, the growth in the number of unemployed persons (+1.9%, +37 thousand) involved both genders and persons between 25 and 49 years of age. The unemployment rate rose to 7.6% (+0.2 p.p.), the youth rate declined to 22.1% (-0.2 p.p.).

In July, the number of inactive persons aged 15 to 64 increased for men and for people under the age of 35. The inactivity rate remained stable at 33.5% .

In the period May-July 2023, with respect to the previous quarter (February-April 2023), employment increased (+0.5%, +119 thousand).

In the last three months, a drop was registered for both unemployed persons (-3.2%, -64 thousand) and inactive people aged 15-64 years (-0.5%, -69 thousand).

Compared with July 2022, the number of employed persons rose by 1.6% (+362 thousand), the growth concerned both genders and all age groups except 35-49 years; the employment rate showed an increase of 1.1 p.p. .

On a yearly basis, the rise of employed people was accompanied by a decrease of both unemployed (-3.8%, -76 thousand) and inactive persons aged 15-64 (-2.9%, -371 thousand).

Source: ISTAT
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.