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Italian Joblessness Unexpectedly Increases as More Seek Work

  • Economy likely expanded 0.2% in first quarter: Bank of Italy
  • Youth unemployment declines to 34.1%, lowest since early 2012
Jobseekers in Rome

Jobseekers in Rome

Photographer: Alessia Pierdomenico/Bloomberg

Italy’s unemployment rate unexpectedly increased in March as the number of people looking for a job rose and the pace of economic growth could not satisfy their demand.

Joblessness climbed to 11.7 percent from 11.5 percent in February, statistics agency Istat said Tuesday in Rome. The median estimate in a Bloomberg survey of 12 analysts called for a reading of 11.5 percent.