Friday, October 30, 2015

Work, Istat: “In September, less busy and less unemployed more inactive” – ​​The Daily

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Freeze autumn on labor market . A September , in fact, dropped both Employment unemployment has increased dramatically while the share of so-called inactive . Certifies l ‘ Istat estimated last month which Italy lost 36 thousand occupied (-0.2%) and 35 thousand unemployed (-1.1%), while it has “earned” 53 thousand inactive (+ 0.4%) aged between 15 and 64 years. And so the employment rate decreased by 0.1 percentage points, reaching 56.5 percent. While on-year employment grew by 0.9% (+192 thousand persons employed) and employment rate of 0.6 points. The unemployment rate, 11.8%, is instead dropped by 0.1 percentage points. In the twelve months unemployment decreases by 8.1% (-264 thousand people looking for work) and unemployment of 1.0 points. As for the inactive, the rate is 35.8%, up 0.2 percentage points. Yoy inactivity is down by 0.3% (-39 thousand inactive persons) and inactivity rate is unchanged.

In this context, the estimate of the employed aged 15-24 decreased by 1.2% compared to August (-11 thousand). On a monthly basis, the youth employment rate , 15.2%, decreased by 0.2 percentage points. The estimated number of young inactive is then increased by 0.5% in the monthly comparison (+22 thousand) and the inactivity rate of young people between 15 and 24 increased by 0.4 percentage points, reaching 74.4 percent. With reference to the average of the last three months, for young people aged 15-24 is observed the decline in the unemployment rate (-0.6 percentage points), compared with a slight increase in both the occupancy rate (+0.1 points) is the inactivity rate (+0.1 points). In trend terms, compared to September 2014, the employment rate of young people aged 15-24 falls by 0.8 percentage points, also decreases the rate of unemployment (-1.3 points), compared with a growth rate of inactivity 2.0 points.

That was enough to make exclaim to the President of the Council, Matteo Renzi , that “the Jobs Act has restored credibility level internationally, but also it has created opportunities and stable jobs. And ‘the right time, Italy again. ” Renzi admits that there is “much to do, yet. But let’s not forget where we were. ” For the Minister of Labour, Giuliano Poletti , then, “Istat confirm a structural improvement of the labor market in terms of quantity and quality: in a year, the employed increased by 192 thousand units, 264 thousand unemployed people are less and grow stable contracts; Moreover, in September the unemployment rate down to 11.8% and youth unemployment, though still very high, drops to 40.5%. ” Less euphoric President of the Senate Committee on Labor Maurizio Sacconi (New Centre-Right) points out that “Istat recorded a labor market that has struggled to consolidate reversal trends “. For Sacconi “then returns to the theme of productivity as a prerequisite for doing jobs. And productivity is done with new technologies and linking to it wages “.

In the middle Confcommercio speaking of” content downsizing “recorded in September in the number of employees that “confirms the weakness of the current recovery.” But also a “given that, however, does not question the tendency to general improvement of economic performance of Italy.” Today, the association also points out “the number of employees is higher than the minimum in September 2013 411mila people, however, still lower than the peak in April 2008 for 656mila units. And ‘therefore necessary to reinforce the recovery process through a tax policy more resolute in cutting the excess tax burden on businesses and citizens Italians “.

Students of Adapt , the school founded by Marco Biagi , speak instead of a “less rosy reality and linear than that painted by many observers in recent months”, stressing that they were “spent 15 billion euro (maybe 20) not to have any influence on the Italian real priority, in terms of productivity, namely increase the number of employees “. Recalling that the data of July-August-September, “will be published revised when the data of the third quarter, we note that the number of employed fell by 36 thousand units, but also worries the increase of inactive, + 53 thousand in all, of which + 22 thousand among young people “, write down even experts Adapt.
” The decline in employment nails Italy for an employment rate of 56.5%, now less than 3 points to the Spanish and last in Europe , excluding nations affected by profound social and economic crisis. The number of people working in our country remains the main problem, both social and sustainability of the economy and welfare. The increase of inactive only aggravates a worrying situation in which only one-third of the population has a job and has to support herself and two other people. “

According to Adapt, then even the” positive decline the unemployment rate (now 11.8%) is limited to a 0.1% and at this rate it will return to pre-crisis levels, though there will be mishaps, around 2020 “. Also with regard to job stability, the situation does not appear rosy. “Compared to the type of employment is not found the wait Copernican revolution based on the stability of new hires – observe scholars – in fact in September have lost 21 thousand jobs permanent than 4 thousand complete. On an annual basis then, the permanent contracts grew by 0.8% marking a slight reversal trends but always widely posted rising by 4.6% of contracts temporary , which continue to be by far the preferred way in which companies take on. “

In short,” September seems to have brought back to the harsh reality of the Italian labor market, after a moment of positively impacted by the effects (short) of decontribution and ‘ summer seasonal employment . The rate changes are still in the order of 0.1%, which can lead to the conclusion that more than any analysis wins the fact that the situation is still in stagnation, “it said in the analysis that detects as compared to 790mila contracts taking up the decontribution statutory Stability of 2015, they are only 101mila jobs in more permanent. These funds were then used only for conversions and based on an idea of ​​stability that is so lacking in the law as the reality of the labor market “.

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