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
-
On Urban Transport, the Jeep Grand Wagoneer, Lamborghini and more
Why electric pods may be the future of urban transport, the amazing Jeep Grand Wagoneer, Lamborghini is a green pioneer, LMC on capacity utilization, an aluminum study gives the nod to. . .aluminum, and why McLaren is working with TUMI.
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.