Mexican Media Brands
Italy’s Jobless Rate Rises to Record 12.9%
Unemployment in Italy climbed to a seasonally adjusted 12.9% in January, the highest level since the government's ISTAT began tracking the statistic in 1977.
#economics
Share
Unemployment in Italy climbed to a seasonally adjusted 12.9% in January, the highest level since the government's ISTAT began tracking the statistic in 1977.
The agency says nearly 3.3 million people were registered as unemployed last month, up 60,000 from December's volume. The jobless rate among adults younger than 25 rose to 42.4% from 41.7% over the same period.
ISTAT notes that Italy's official employment rate remains at only about 55%. New Prime Minister Matteo Renzi is preparing a jobs reform measure intended to simplify the country's complex employment contract practices, lower labor costs and increase the number of jobs available.
RELATED CONTENT
-
GM, Ford Evaluate Possible Economic Slump
General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future