Italian June Jobless Rate Rises to Highest in Almost 13-Years
This article is for subscribers only.
Italy’s jobless rate rose to the highest in almost 13 years in June as employers remain reluctant to hire amid a deepening recession.
The unemployment rate increased to a seasonally-adjusted 10.8 percent, the highest since the third quarter of 1999, from a revised 10.6 percent in May, Rome-based national statistics office Istat said in a preliminary report today. Economists forecast an increase to 10.3 percent, the median of eight estimates in a Bloomberg News survey showed.