Anjali Sharma
GG News Bureau
WASHINGTON DC, 5th May. The statistical office ISTAT reported on Saturday that Italy’s unemployment rate decreased to the lowest level in over 15 years in March after rising slightly in the previous month.
The jobless rate dropped to 7.2 per cent in March from 7.4 per cent in February.
The economists had expected the index to rise to 7.5 per cent. In the corresponding month last year, the rate was 7.9 per cent.
The latest jobless rate was the lowest since January 2009, when it was also the same 7.2 per cent.
The employment rate edged up to 62.1 per cent in March from 61.9 per cent in the previous month, the report said.
Data showed that the youth unemployment rate dropped to 20.1 per cent in March from 22.4 per cent a month ago.
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