Istat employment: in Italy work is moving again

MILAN – The Italian labor market is slowly recovering and this can be seen both in the growth of the number of employees surveyed by Istat and in the increase in the unemployment rate. However, apparently in contradiction, they are two aspects of the same process: there are more people who travel to find work, therefore less inactive. Some of these satisfy the search and expand the ranks of the employed, others instead will replenish the ranks of those who seek but cannot find (the unemployed). However, never like in this case, the increase in the unemployment rate can be received as a signal of return to normality.

In July, after four months of consecutive falls, employment “grew again.” Istat registers an increase in employment on a monthly basis (+ 0.4% equal to + 85 thousand units) involving women (+ 0.8% equal to + 80 thousand), employees (+ 0.8% equal to + 145 thousand) and all groups of age, with the exception of those of 25 to 34 years. Employed men remain substantially stable, while independent men decline. In general, the employment rate rises to 57.8% (+0.2 percentage points).

The number of job seekers is “steadily” increasing, while inactive people are declining. Thus, the unemployment rate registered by Istat rises to 9.7% (+0.5 points since June, +0.1 points since July 2019). The unemployed increased by 5.8% (+ 134 thousand units) while the inactive decreased by 1.6% (-224 thousand units) with a contraction that affects men, women and all age groups. The inactivity rate decreased to 35.8% (-0.6 points).

After four months of decline, in July 2020, the number of employees begins to grow again, especially among women and workers over 35; The recovery of hours worked per capita continues and the expansion of the segment of people seeking However, since February 2020 the level of employment has fallen by almost 500,000 units and job seekers have grown by around 50,000, compared to an increase of inactive almost 400,000. . In four months, the employment rate loses more than one point, while the unemployment rate, with July data, returns above February levels ”.

“The data is distorted by the blocking of layoffs,” says Massimiliano Dona from the National Union of Consumers. “The legislative coercion, in fact, is to hit permanent workers at the workplace, with a decrease of just 38 thousand units since February, but as soon as the release occurs and all employees will be connected to market demand, there is risk of carnage “. of workers “.

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Among the Istat data, it should also be noted that the youth unemployment rate once again stood above 30%, in July, for the first time in more than a year, as of April 2019. Istat certifies it at 31.1 %. for the age group 15 to 24 years, an increase of 1.5 points from June and 3.2 points from July 2019. “Annually, underlines the institute of statistics, the unemployment rate grows among children under 35 years and falls into the other classes. ” Between 25 and 34 years of age, the unemployment rate is 15.9%, almost three times that of the 50-64 age group, and has grown 0.9 points in the last month and 1.4 points in the last year.