Italy, unemployment rate at least three years between shooting and running cuts – Reuters Italy

ROME (Reuters) – – New positive signs from Italian labor market, which in November recorded a drop in the unemployment rate to its lowest in three years, with investors attracted by the tax relief for hiring permanent, which this year are lower, while the economic situation is showing signs of slow recovery.

According to figures released this morning by Istat, in November the rate fell by 0.2 points to 11.3%, the lowest level since November 2012. The median expectations of economists polled by Reuters in a poll forecast a stable datum to 11.5%.

In the same month it was down to 10.5% from 10 , 6% of October, the percentage of people seeking employment in the euro area.

Returning to Italy, ISTAT data show a descent even rate the unemployment figures in the age group between 15 and 24, stood at 38.1%, the minimum to June 2013, from 39.3% (revised from 39.8%) in October.

“For yet another month, there was a positive surprise, that this month is even more comforting because drop in unemployment accompanies the increase in inactive “, said Paolo Mameli of Intesa Sanpaolo economist.

The number of inactive has remained broadly stable compared with October, and increases of 1% (+138,000) compared to twelve months earlier. The inactivity rate has remained unchanged from the month before to 36.3%.

On the other hand, the employment rate was rising 0 , 1 percentage point in economic terms, to 56.4%. Employed – 22.480000000 – are rising by 0.2% compared to October (+36,000), and go up by 0.9% year on year (+206,000).

What emerges from the cross-section of data, also, is the increase in employees with permanent contracts (+40,000), while those fall temporary (-32,000).

“The impression is that there has been a run on recruitment indefinitely by companies before the end of the year, since next year gl incentives will be lower, “said Mameli, who expects a continuation of this trend also in December. More …