MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI: EUROZONE OCT UNEMPLOYMENT RATE 6.3%

MNI: EUROZONE NOV FINAL MANUF PMI 45.2 (FLASH 45.2); OCT 46.0

MNI: GERMANY NOV FINAL MANUF PMI 43.0 (FLASH 43.2); OCT 43.0

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ITALY DATA: Unemployment Rate Sets Multi-Decade Low

ITALY DATA
CEEMEAEurozoneData BulletItalyBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • The unemployment rate saw a surprisingly large decline in October to 5.8% (sa, cons 6.1) after a downward revised 6.0% (initial 6.1%).
  • The 5.80% preliminary reading pushes below the 5.85% from April 2007 for a new multi-decade low.
  • The Istat press release shows a particularly large contribution from the youth unemployment rate (-1.1pps to 17.7%) but all other main categories saw declines as well: 25-34 (-0.1pp to 8.6%), 35-49 (-0.1pp to 5.2%) and 50-64 (-0.3pps to 3.4%).
  • Employment increased by a solid 47k in October (all sa figures) although inactivity also increased by 28k which took some of the gloss off unemployment falling by 58k.
  • The inactivity rate of 33.65% is now 0.9pp higher than its cycle low of 32.8% from late 2023.
  • Recent unemployment rate declines, down 0.95pp since 6.75% as recently as June, stand out considering the still relatively high level of vacancy rates – see chart. 
148 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • The unemployment rate saw a surprisingly large decline in October to 5.8% (sa, cons 6.1) after a downward revised 6.0% (initial 6.1%).
  • The 5.80% preliminary reading pushes below the 5.85% from April 2007 for a new multi-decade low.
  • The Istat press release shows a particularly large contribution from the youth unemployment rate (-1.1pps to 17.7%) but all other main categories saw declines as well: 25-34 (-0.1pp to 8.6%), 35-49 (-0.1pp to 5.2%) and 50-64 (-0.3pps to 3.4%).
  • Employment increased by a solid 47k in October (all sa figures) although inactivity also increased by 28k which took some of the gloss off unemployment falling by 58k.
  • The inactivity rate of 33.65% is now 0.9pp higher than its cycle low of 32.8% from late 2023.
  • Recent unemployment rate declines, down 0.95pp since 6.75% as recently as June, stand out considering the still relatively high level of vacancy rates – see chart.