Italy: Number of unemployed people grew in May 2020 by 18.9%

Istat shows that in May 2020, in comparison with the previous month, the decrease in employment continued – at a slower pace – and unemployment returned to grow, against a marked drop of inactivity.

Unemployed people grew (+18.9%, +307 thousand) more among women (+31.3%, +227 thousand) than men (+8.8%, +80 thousand).

The unemployment rate rose to 7.8% (+1.2 percentage points) and the youth rate increased to 23.5% (+2.0 p.p.).

The decline of employment (-0.4%, -84 thousand) concerned more women ( 0.7%, 65 thousand) than men (-0.1%, -19 thousand), and brought the employment rate to 57.6% (-0.2 p.p.).

In May the decline of inactive people aged 15-64 (-1.6%, -229 thousand) was registered for both men ( 1.3%, -71 thousand) and women (-1.7%, -158 thousand), leading the inactivity rate to 37.3% (-0.6 percentage points).

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