• Istat: unemployment rate in April at 10.7%.

    Positive first quarter GDP: estimates revised upwards

  • Eurozone: 8% unemployment rate.

    Youth at 17.2%

  • Istat: unemployment falls to 10.1% in March but rises for women

  • EU-19: unemployment falls in October, but in Italy it is still at 9.8%

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11 June 2021 The unemployment rate, after the stability of the last quarter, returns to increase, reaching 10.4% (+0.5 points compared to the fourth quarter of 2020); the inactivity rate rises to 36.7% (+0.3 points). Thus Istat in the survey on the labor market. The employment rate dropped to 56.6%, -0.6 points compared to the previous quarter. The decrease in the indicator, which concerns both gender components and all age groups, is more marked in the North (-0.7 points) and in the Center (-0.8 points) than in the South (-0.4 points). points).



In the first quarter of 2021 there was an increase in the number of unemployed (+103 thousand) and inactive people aged 15-64 (+98 thousand), according to Istat. In the trend comparison, the number of unemployed returns to increase (+240 thousand, 10.0% compared to the first quarter of 2020) - among those who have already had work experience - and continues, albeit at a less intense pace than in the previous three quarters, the growth of inactive people between 15 and 64 years (+501 thousand, + 3.7% in one year). 



In the first quarter of 2021, labor input, measured by hours worked, recorded a decrease of -0.2% compared to the previous quarter and -0.1% compared to the first quarter of 2020; GDP increased by 0.1 in short-term terms and decreased by 0.8 in trend terms. On the business side, the continuation of the measures to restrict economic activity in the first quarter of 2021 determines a slight economic growth for employees (+ 0.2%) and a still negative trend change (-0.8% ), albeit to a lesser extent than in the previous quarter.



These effects derive from a growth in the full-time component in economic terms (+ 1%), but also on an annual basis (+ 0.4%), which is offset by a reduction in the part-time component of - 1.7% on a quarterly basis and -3.7% on an annual basis. Compared to the previous quarter, the hours worked per employee increased by 1%; also on a trend basis there is an increase, albeit more contained (+ 0.4%), associated with that of the use of layoffs, which reaches 108.4 hours for every thousand hours worked. The vacancy rate increases by 0.1 percentage points on a cyclical basis and by 0.8 on an annual basis.



The cost of labor, per work unit, grew by 0.9% in economic terms, due to an increase in both wages (+ 0.5%) and social security contributions (2%).

In trend terms, the cost of labor continues to rise (+ 0.8%), following the 1.6% increase in the remuneration component and despite the 1.2% reduction in charges;

the latter decline is attributable to the adoption of the contribution exemption measures launched in the second half of 2020 which, albeit to a lesser extent than in the fourth quarter of 2020, continue to have an effect also in the first quarter of 2021.


In the first quarter of 2021 there were 22 million 265 thousand employees, down by 243 thousand units compared to the fourth quarter of 2020 (-1.1%) #istat https://t.co/pXGhWfVqbe pic.twitter.com/RePZgjZliF

- Istat (@istat_it) June 11, 2021


In the first quarter "the generation gap widens further to the detriment of the youngest" both as regards the employment rate and the unemployment and inactivity rates, underlines Istat. Indeed, among the 15-34 year-olds, the most marked decrease in the employment rate (-2.8 points) is accompanied by a greater increase in the unemployment rate (+3.0 points) and in the inactivity rate (+1.7 points). ).