Unemployment

The Unemployment Rate released by the National Institute of Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Italian economy. If the rate is up, it indicates a lack of expansion within the Italian labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the Euro, while an increase is seen as negative (or bearish).

Most recent - Thursday 30 May 2024 08:00

Previous
7.2%
Revised
7.1%
Forecast
7.2%
Actual
6.9%

Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Next event - Tuesday 2 July 2024 08:00

Previous
-
Forecast
-
Actual
-

The typical/expected market impact of this event is low.

There is no forecast value for Unemployment yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Unemployment was 6.9% against a forecast of 7.2%.

Past events

Date
Forecast
Actual
Thursday 30 May 2024 08:00
7.2%
6.9%
Friday 3 May 2024 08:00
7.5%
7.2%
Wednesday 3 April 2024 08:00
7.2%
7.5%
Friday 1 March 2024 09:00
7.2%
7.2%
Wednesday 31 January 2024 09:00
7.6%
7.2%
Tuesday 9 January 2024 09:00
7.9%
7.5%
Thursday 30 November 2023 09:00
7.5%
7.8%
Friday 3 November 2023 09:00
7.4%
7.4%
Monday 2 October 2023 08:00
7.7%
7.3%
Thursday 31 August 2023 08:00
7.4%
7.6%
Tuesday 1 August 2023 08:00
7.7%
7.4%
Friday 30 June 2023 08:00
7.9%
7.6%
Thursday 1 June 2023 08:00
7.8%
7.8%
Wednesday 3 May 2023 08:00
8%
7.8%
Thursday 30 March 2023 08:00
8%
8%
Thursday 2 March 2023 09:00
7.8%
7.9%
Tuesday 31 January 2023 09:00
7.8%
7.8%
Monday 9 January 2023 09:00
7.8%
7.8%
Thursday 1 December 2022 09:00
8%
7.8%
Thursday 3 November 2022 09:00
7.8%
7.9%
Friday 30 September 2022 08:00
7.9%
7.8%
Thursday 1 September 2022 08:00
8.1%
7.9%
Monday 1 August 2022 08:00
8.1%
8.1%
Thursday 30 June 2022 08:00
8.4%
8.1%
Wednesday 1 June 2022 08:00
8.3%
8.4%
Monday 2 May 2022 08:00
8.4%
8.3%
Thursday 31 March 2022 08:00
8.7%
8.5%
Thursday 3 March 2022 09:00
-
8.8%
Tuesday 1 February 2022 09:00
-
9%
Monday 10 January 2022 09:00
9.3%
9.2%
Thursday 2 December 2021 09:00
9.1%
9.4%
Wednesday 3 November 2021 09:00
9.2%
9.2%
Thursday 30 September 2021 08:00
9.2%
9.3%
Wednesday 1 September 2021 08:00
9.7%
9.3%
Friday 30 July 2021 07:00
10.4%
9.7%
Thursday 1 July 2021 08:00
10.8%
10.5%

Economic context

Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next Unemployment result:

PreviousLatest
IFO – Business ClimateBearish change89.388.6
IFO – Current Assessment(no change)88.388.3
IFO – ExpectationsBearish change90.489
HCOB Manufacturing PMIBearish change47.345.6
HCOB Services PMIBearish change53.252.6
HCOB Composite PMIBearish change52.250.8
HCOB Composite PMIBearish change52.450.6
HCOB Manufacturing PMIBearish change45.443.4
HCOB Services PMIBearish change54.253.5
HCOB Composite PMIBearish change48.948.2
HCOB Manufacturing PMIBearish change46.445.3
HCOB Services PMIBearish change49.348.8
Consumer ConfidenceBullish change-14.3-14
Producer Price Index (MoM)Bearish change0.2%0%
Producer Price Index (YoY)Bullish change-3.3%-2.2%
ZEW Survey – Current SituationBearish change-72.3-73.8
ZEW Survey – Economic SentimentBullish change47.147.5
Core Harmonized Index of Consumer Prices (MoM)(no change)0.4%0.4%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.9%2.9%
Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
ZEW Survey – Economic SentimentBullish change4751.3
Consumer Price Index (EU Norm) (YoY)(no change)0.8%0.8%
Consumer Price Index (YoY)(no change)0.8%0.8%
Consumer Price Index (EU norm) (YoY)Bearish change2.7%2.6%
Industrial Production s.a. (MoM)Bearish change0.5%-0.1%
Harmonized Index of Consumer Prices (YoY)(no change)3.8%3.8%
Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Harmonized Index of Consumer Prices (YoY)(no change)2.8%2.8%

About Unemployment

Country:Italy
Currency:EUR
Source:ISTAT
Category:Labor Market
Frequency:Monthly
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