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Italy March jobless rate falls to 5.2% but 12,000 jobs lost

By Thomson Reuters Apr 30, 2026 | 4:08 AM

ROME, April 30 (Reuters) – Italy’s unemployment rate fell to 5.2% in March but a net 12,000 jobs were lost during the month, ​national statistics bureau ISTAT reported on Thursday.

The ‌jobless rate was slightly below a median forecast of 5.3% in a Reuters poll of eight analysts.

The unemployment rate in February was revised up to 5.4% from an originally ‌reported ​5.3%.

In March, the youth unemployment ⁠rate, measuring job-seekers between ⁠15 and 24 years old, rose to 18.1% from 17.6% the previous month.

The decrease of both employed people and job-seekers in March is linked ​to a rise in the number of so-called “inactive” people, neither working nor looking for work.

This “inactivity ⁠rate” edged up in March ⁠to 34.1% from 34.0%, ISTAT said.

In ​the three-month period between January and March, the number ​of people in work was up by 0.1% ‌compared with the previous quarter.

However, in March there were 30,000 fewer people in work compared to the same month in 2025, a marginal decline of ⁠0.1%.

The employment rate, one of the lowest in the euro zone, stood at 62.4% in March, stable from ⁠the month before.

Giorgia ‌Meloni’s government currently has an economic ⁠growth target of 0.6% for this ​year, ‌revised marginally down last week due ​to surging ⁠energy prices and geopolitical tensions, from the 0.7% target set in September.

Italian gross domestic product rose 0.5% in 2025, a third straight year of sub-1% growth.

(Reporting by Antonella Cinelli, graphic by Stefano Bernabei, editing by ​Gavin Jones)