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Italy April jobless rate edges down to 5.1%, 123,000 jobs created

By Thomson Reuters May 29, 2026 | 3:18 AM

ROME, May 29 (Reuters) – Italy’s unemployment rate fell slightly to 5.1% in April and a net 123,000 jobs ​were created during the month, national ‌statistics bureau ISTAT reported on Friday.

• The jobless rate was below a median forecast of 5.3% in a Reuters poll of eight ‌analysts, ​following a 5.2% rate ⁠in March.

• In April, ⁠the youth unemployment rate, measuring job-seekers between 15 and 24 years old, fell to 16.9%, the lowest level since ​the current statistical series began in 2004, from 17.7% the previous month.

• ⁠The employment rate, one ⁠of the lowest in the ​euro zone, rose to 63.1% from 62.7% in ​March, revised up from 62.4%.

• The “inactivity ‌rate”, measuring people neither working nor looking for work, declined to 33.4% from 33.7% in March, ISTAT said.

• Employment has ⁠risen despite weak economic growth.

• Giorgia Meloni’s government currently has a growth target of 0.6% ⁠for this ‌year, revised marginally down last ⁠month due to surging energy ​prices ‌and geopolitical tensions, from the ​0.7% estimate ⁠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)