Financial News: Italy Jobless Rate Falls To 6.9%, Lowest Since

Italy Jobless Rate Falls To 6.9%, Lowest Since December 2008

05/30/2024 - 04:44:00 (RTTNews)

(RTTNews) - Italy's unemployment rate decreased for the second straight month in April to the lowest level in more than fifteen years, the statistical office ISTAT reported Thursday.

The jobless rate dropped to 6.9 percent in April from 7.1 percent in March. Meanwhile, economists had expected a rate of 7.2 percent.

In the corresponding month last year, the rate was 7.9 percent.

Further, the latest jobless rate was the lowest since December 2008, when it was also the same 6.9 percent.

At the same time, the employment rate edged up to 62.3 percent in April from 62.1 percent in the previous month.

The youth unemployment rate came in at 20.2 percent in April, unchanged from March.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Atlanta Fed Sees U.S. Q3 GDP Growth At 2.8% (11 hr(s), 13 min(s), 47 sec(s) ago)
(RTTNews) - The Atlanta Fed released its initial estimate for the third quarter growth based on it ...Full Story»

U.S. Consumer Sentiment Index Dips Slightly Less Than Previously Estimated In July (13 hr(s), 04 min(s), 47 sec(s) ago)
(RTTNews) - The University of Michigan released revised data on Friday showing consumer sentiment ...Full Story»

U.S. Consumer Prices Inch Up 0.1% In June, In Line With Estimates (14 hr(s), 01 min(s), 47 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept up in line with economist estimates in the month of ...Full Story»

Spain Jobless Rate Lowest Since 2008 (14 hr(s), 15 min(s), 47 sec(s) ago)
(RTTNews) - Spain's unemployment rate fell to the lowest level in nearly 16 years in the secon ...Full Story»

Denmark Retail Sales Fall 0.1% (14 hr(s), 23 min(s), 47 sec(s) ago)
(RTTNews) - Danish retail sales decreased slightly in June after recovering in the previous month, ...Full Story»

Hungary Jobless Rate Falls To 4.3% (14 hr(s), 39 min(s), 47 sec(s) ago)
(RTTNews) - Hungary's unemployment rate decreased slightly during the April-June period, data ...Full Story»

U.S. PCE Price Index Inches Higher In June, Annual Growth Slows To 2.5% (14 hr(s), 48 min(s), 47 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept up in line with economist estimates in the month of ...Full Story»

Russia Central Bank Hikes Rate By 200 Bps (15 hr(s), 01 min(s), 47 sec(s) ago)
(RTTNews) - Russia's central bank raised its benchmark rate by 200 basis points on Friday amid ...Full Story»