September 14, 2022
In July 2022 the number of both employed and unemployed persons decreased, while a growth was recorded for inactive people in Italy.
On a monthly basis, the decline of employment (-0.1%, -22 thousand) involved only women and was widespread in all age classes, with the exception of over50: among these -as well as for men- employment grew. Overall, the employment rate dropped to 60.3% (-0.1 p.p.).
In the last month, the drop of unemployed persons (-1.6%, -32 thousand) was recorded for both genders and concerned mainly people in the 35-49 age class. The unemployment rate declined to 7.9% (-0.1 p.p.), while the youth rate rose to 24.0% (+0.1 p.p.).
In July the increase of inactive people aged 15-64 (+0.4%, +54 thousand) concerned men and women and people aged less than 50 years. The inactivity rate rose to 34.4% (+0.2 p.p.).
In the period May-July 2022, with respect to the previous quarter (February-April 2022), employment rose (+0.6%, +140 thousand).
In the last three months, a drop was registered for both unemployed persons (-4.2%, -89 thousand) and inactive people aged 15-64 years (-0.6%, -79 thousand).
Compared with July 2021, the number of employed persons increased by 2.0% (+463 thousand), the growth concerned both genders and all age groups except 35-49 years; the employment rate showed an increase of 1.6 p.p. .
On a yearly basis, the rise of employed people was accompanied by a decrease of both unemployed persons (-13.3%, -304 thousand) and inactive people aged 15-64 (-3.3%, -433 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.
