Italy’s jobless rate unexpectedly fell from a 12-year high in May, the first decline in more than a year.
The unemployment rate decreased to a seasonally-adjusted 10.1 percent, from 10.2 percent in April, Rome-based national statistics office Istat said in a preliminary report today. It was the first decline in the jobless rate since February of last year. Economists forecast an increase to 10.3 percent, the median of eight estimates in a Bloomberg News survey showed.
Joblessness among people aged 15 to 24 rose to 36.2 percent, from 35.3 percent, Istat said.