Italy Unemployment Rate Falls in Boost for Populist Leaders

Italy’s jobless rate fell to the lowest in almost six years, boosting the country’s month-old populist government.

Unemployment dropped in May to 10.7 percent from a revised 11 percent the month before, Rome-based national statistics office Istat said in a preliminary report on Monday. The rate was well below the 11.1 percent median of 10 estimates in a Bloomberg News survey.