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Employment down 274,000 in April (2)

484,000 fewer seeking work, big rise in 'inactives' says agency

Redazione Ansa

(ANSA) - Rome, June 3 - The number of people in employment in Italy was down 272,000 in April with respect to March, ISTAT said Wednesday.
    It was down about half a million compared to April 2019, the statistics agency said.
    Due to the coronavirus lockdown, ISTAT said, "employment marked a drop of almost 300,000 units, and this led to the overall drop of 400,000 workers and a percentage point in the employment rate".
    The unemployment rate fell from 8% in March to 6.3% in April, its lowest since November 2007, because of an estimated 484,000 fewer people looking for work (down 23.9% on March, but -1.1 million in a year, or -41.9%).
    The number of inactive people rose by 746,000 units from March to April and by 1.4 million from April to April, people who do not have and are not seeking work.
   

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