Italian Quarterly Unemployment Rate Falls to Lowest Since 2012
This article is for subscribers only.
Italy’s unemployment fell in the three months through June to the lowest in almost five years, amid signs that the country’s labor market is recovering on a stronger economy.
The jobless rate declined to 11.2 percent from 11.6 percent in the first quarter, statistics agency Istat said Tuesday in Rome. The median estimate of seven analysts surveyed by Bloomberg called for a reading of 11.3 percent. The actual figure was the lowest since the third quarter of 2012.