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Two and a half million unemployed – There are a total of 2 million and 454 thousand unemployed, which decreased in the last twelve months (-1.8%, that is, 44 thousand less), while the inactive between 15 and 64 years increased (+ 3.6 %, equal to + 475 thousand).
Covid effect at work: half a million fewer employees since February – Since February, Istat told Istat, the number of employees has fallen, by almost 500 thousand units, while the number of people looking for work has increased by 50 thousand, compared to an increase in inactive people, around 400 thousand more. “In four months – concludes the Institute of Statistics – the employment rate has lost more than one point, while the unemployment rate, with July data, returns above February levels”.
In July the employees go back up – However, the positive signals come from the July data: after four months of consecutive falls, in fact, employment “grows again”, with Istat reporting a monthly increase (+ 0.4%, that is 85 thousand more) that they are women (+ 0.8% equal to + 80 thousand), employees (+ 0.8% equal to 145 thousand more) and all age groups, except those between 25 and 34 years old. Employed men remain substantially stable, while independent men decline. Overall, the occupancy rate rose to 57.8% (+0.2 percentage points), but compared to July 2019, the number of employees decreased by 556 thousand units and the occupancy rate decreased by 1.3% .
The significant decrease in inactive people (-1.6%, equal to -224 thousand) affects men, women and all age groups. The comparison between May-July 2020 and February-April 2020, however, indicates a 1.2% lower employment level (-286 thousand). Also in the quarter, people looking for work grew (+ 10.4% equal to 218 thousand more) and inactive people 15-64 years (+ 0.3%, equal to 39 thousand units).
Young unemployed again more than 30% – The increase in the youth unemployment rate above 30% in July has not been seen since April 2019: according to Istat it has increased by 1.5% since June and 3.2% since July 2019 ”. – highlights the Institute of Statistics: unemployment increases among those under 35 years of age and decreases in the other classes. “Between 25 and 34 years the rate is 15.9%, almost triple that of the group of 50 to 64 years, and has grown 0.9% in the last month and 1.4% in the last year.
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