Italy’s Jobless Rate Increases to Highest Since 2001
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Italy’s jobless rate rose to the highest in more than a decade in February as austerity measures meant to fight the debt crisis helped push the euro area’s third-largest economy into a recession.
Unemployment increased to 9.3 percent in February, the highest since the first quarter of 2001, from a revised 9.1 percent in January, Rome-based national statistics institute Istat said in a preliminary report today. The jobless rate matched the median forecasts of six economists surveyed by Bloomberg News.