Business and Economics

Unemployment in Italy in November reached a critical point

The unemployment rate in Italy in November last 2013 set a kind of “anti-record”: according to the ISTAT statistics bureau, 12.7% of the country's population do not have a regular income.

According to the Italian media, this is the highest unemployment rate ever recorded in the country, which is direct evidence that the measures taken by the Italian government to get out of the deep economic recession do not have much effect.

According to data obtained by ISTAT in the previous month, the unemployment rate in Italy in November increased by 0.2 percent. Over the year, this figure increased by 1.4 percent.

In a November report, the Bureau of Statistics also indicated that youth unemployment also continues to scrupulously strive for an absolute maximum.

In that month, 41.6 percent of young people aged 18 to 25 years old (which is about 660 million people) were unemployed, while in October this figure was 41.4 percent. The level of employment has also slightly decreased: in the last month of the fall it was 55.4 percent.

By the way, the unemployment rate in the Eurozone in November also forced officials to once again return to this burning problem: in November, 12.1 percent of Eurozone residents admitted that they did not have a permanent job, and among them there were 24.2 percent of young people. A year ago, these data were 12.8 percent and 23.9 percent, respectively. As of November 28, 2013, more than 28 million people in the Eurozone were unemployed or were in search. The lowest unemployment rates were recorded in Austria (4.8%), Germany (5.2%) and Luxembourg (6.1%), while Greece set an “anti-record”: there were 27.4 without a constant source of income % of residents.

At the end of 2013, experts and analysts suggested that the extremely high unemployment rate in the EU countries and in Italy in particular is one of the main reasons for the leakage of personnel from Europe. Not so long ago, a study was conducted, the results of which showed that almost 50 percent of Italians were ready to leave the country in search of work, and indeed a better life in general, while almost 46 percent of young professionals who graduated from universities in the country did not work in their specialty. Researchers also managed to establish which countries the Italians prefer: Germany, Scandinavia and the United Kingdom were on the honorary list.

The data obtained indicate that over the past few years, thousands of young and ambitious people who are not even going to return home have left Italy in search of a better job.

And this is not surprising: almost 47 percent of Italians said that their salaries are extremely low, so in the country of wine and sun, in fact, they have little to do.

Youth unemployment is one of the key topics that Italian Prime Minister Enrico Letta pays special attention to. He assures that this problem should be solved at the European level, emphasizing that this will give the young generation faith and a chance in the future.

Watch the video: Rick Steves' The Story of Fascism (February 2020).


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