Italy's Jobless Rate Falls to Three-Year Low in Boost for Renzi
- Data support optimism on effect of revised labor rules
- Manufacturing PMI rose in December, lifting output expectation
This article is for subscribers only.
Italy’s unemployment rate unexpectedly fell to its lowest in three years in November, supporting Prime Minister Matteo Renzi’s view that his government’s policies are favoring job creation.
The rate dropped to 11.3 percent from 11.5 percent in the previous month, national statistics agency Istat said Thursday in Rome. The median estimate in a Bloomberg survey of four analysts called for 11.5 percent.