Italian Jobless Rate Rose to 10.2% in April Amid Slump
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Italy’s joblessness rose more than economists forecast in April to the highest in 12 years amid a deepening slump in Europe’s fourth-biggest economy.
The unemployment rate increased to a seasonally-adjusted 10.2 percent, the highest since the first quarter of 2000, from a revised 10.1 percent in March, Rome-based national statistics office Istat said in a preliminary report today. Economists forecast an increase to 9.9 percent, the median of 10 estimates in a Bloomberg News survey showed. The jobless rate rose to 9.8 percent in the first quarter from 9.1 percent in the previous three months, Istat said.