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Employment down 473,000 in Oct year-on-year

Youth unemployment back up over 30%

Redazione Ansa

(ANSA) - ROME, DEC 2 - Italian employment was down 473,000 in October on the same month last year due to the COVID pandemic, ISTAT said Wednesday.
    The f all was largely due to a drop in self-employed and temp jobs, the stats agency said.
    Steady jobs rose 61,000 thanks to a COVID firing ban.
    The unemployment rate among people aged 15-24 rose back above 39%, ISTAT said.
    Youth unemployment in Italy rose by 2.6 points in October on the same month last year, to 30.3%.
    It rose by 0.6 points between September and October of this year.
    Overall employment was 0.1% down, or 13,000 units fewer, between September and October.
    Italy has been hit by an unprecedented peacetime recession due to COVID. (ANSA).
   

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