\n<\/p>\n
Italy’s Unemployment Rate Drops to 6.0% in October<\/strong><\/p>\n ROME: Italy’s unemployment rate decreased to 6.0% in October, down from a slightly adjusted 6.2% in September, as reported by the national statistics office, ISTAT. This drop is accompanied by the creation of approximately 75,000 new jobs during the month.<\/p>\n Analysts had predicted a jobless rate of 6.1% for October, matching the original September figure.<\/p>\n For young people aged 15 to 24, the unemployment rate also saw a significant decline, falling to 19.8% from 21.6%. Meanwhile, the overall employment rate rose slightly to 62.7%, up from September’s 62.6%. This marks the highest level since the data series began in 2004.<\/p>\n ISTAT noted that employment in Italy, the third-largest economy in the euro zone, remained fairly stable from August to October compared to the previous quarter. Year-over-year, the number of individuals in employment increased by 224,000, or 0.9%.<\/p>\n The inactivity rate, which tracks those who aren\u2019t working or seeking employment, held steady at 33.2%. <\/p>\n Despite this rise in employment, Italy continues to face challenges with sluggish economic growth and stagnant wages. The country’s gross domestic product (GDP) grew by a mere 0.1% in the third quarter, following a slight contraction in the previous three months. Additionally, the government revised its growth forecast for 2025 down to 0.5%, compared to an earlier estimate of 0.6%, after anticipating a growth rate of 0.7% for 2024.<\/p>\n\n","protected":false},"excerpt":{"rendered":" Italy’s Unemployment Rate Drops to 6.0% in October ROME: Italy’s unemployment rate decreased to 6.0% in October, down from a slightly adjusted 6.2% in September, as reported by the national statistics office, ISTAT. This drop is accompanied by the creation of approximately 75,000 new jobs during the month. Analysts had predicted a jobless rate of<\/p>\n","protected":false},"author":1,"featured_media":21687,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[30],"tags":[4547,27392,12557],"class_list":{"0":"post-21686","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business-news","8":"tag-italy","9":"tag-jobless-rate","10":"tag-unemployment"},"_links":{"self":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/21686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/comments?post=21686"}],"version-history":[{"count":0,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/posts\/21686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media\/21687"}],"wp:attachment":[{"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/media?parent=21686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/categories?post=21686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/indiabulletinusa.com\/wordpress\/wp-json\/wp\/v2\/tags?post=21686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}