Italy’s Unemployment Rate Drops


Italy’s unemployment rate fell to 12 percent in July, the lowest level in two years, the national statistics agency, Istat, announced.

The unemployment rate was 0.5 percentage points lower than in June and 0.9 percentage points lower than in July last year.

Italy’s jobless rate has fluctuated over the past few years as the country struggles to recover from a long recession, with the rate hitting an all-time high of 13 percent in November last year.

The last lowest point – also 12 percent – was in July 2013.

The rate of unemployment among 15 to 24 year olds also fell to 40.5 percent in July, down 2.5 percent percentage points on June.

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