Follow Italianism

Hello, what do you want to look for?

... Euro Today 5,89 BRL

Business

Italy records lowest unemployment rate since 2007

Italy's unemployment rate to hit 5,8% in October 2024, lowest since 2007, with significant increase in job creation.

Italians celebrate historic drop in unemployment rate in October 2024, according to Istat data | Photo: Depositphotos
Italians celebrate historic drop in unemployment rate in October 2024, according to Istat data | Photo: Depositphotos

A unemployment rate in Italy fell to 5,8% in October, the lowest value since April 2007, according to a report published this Monday (2) by the National Institute of Statistics (Istat).

The result indicates a reduction of 0,2 percentage points compared to September, while the unemployment level among young people aged 15 to 24 fell by 1,1 points, to 17,7%.

The number of people employed in Italy in October increased by 47 thousand units compared to September, reaching 24,092 million. Compared to October 2023, the increase was 363 thousand units.

Also according to Istat, the occupancy rate in October 2024 grew by 0,6 points, to 62,5%, while the inactivity rate rose by 0,1 points, reaching 33,6%. (Handle/Photo: Depositphotos )

ADVERTISING
Italian citizenship
Italian citizenship
Find out who is eligible and how to start the process.
• Document search in Italy
• Consular services
• AIRE and registration update
• Support for passport issuance
Talk to expert

Also check out:

Daily

Understand the essential acronyms of Italy. Learn the meaning of terms such as AIRE, ISEE, ZTL and other fundamental names for residents.

Daily

Istat: The birth rate will drop drastically in 2025 compared to 2024: from 355.000 to 370.000 in the previous year.

Jobs

See which work visas you can apply for to live in Italy in 2026.

Daily

Elon Musk once again criticizes the declining birth rate and says Italy is at risk of disappearing.