Economics
Italy Unemployment Rate Stays Unchanged, Prompting Concerns
- Jobless stays at three-year low, youth unemployment at 37.9%
- Tax breaks for hirings on open-ended basis to be phased out
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Italy’s jobless rate was unexpectedly unchanged in December, signaling the risk that the effect of new labor legislation on hiring might cease without an acceleration of economic growth.
The rate remained at 11.4 percent, a three-year low, national statistics agency Istat said Tuesday in Rome. The median estimate in a Bloomberg survey of seven analysts called for 11.2 percent.