Increase the employed and fall inactive, but grow forward contracts – The Republic

MILAN – The unemployment rate in June rises again to 11.6%, but – after all – it is a positive fact: in absolute terms, in fact, the increase of the unemployed is lower than that of new labor, but it is mainly the decrease of inactive, those who are not working nor looking for work , to send a signal of confidence.

the unemployment rate reported by Istat is given by ratio of unemployed to the total labor force (employed and unemployed, ie job seekers, but does not find it) .

a drive up the rate was therefore the expansion of the workforce due to the fact that some inactive began looking a job, regardless of whether they found it or not.

Well at

June who has started looking for a job probably has found: the new jobs were 71 thousand, 27 thousand unemployed and the inactive decreased by 51 thousand units. These numbers translate to an employment rate to 57.3% (one point more than last year). In absolute terms in the last twelve months, the new employees were 329mila, compared with a decline of 325mila inactive people and the unemployed reduction of 140 thousand units.

in short, after the start of the year braking, largely due to cut the recruitment incentives, the labor market shows signs of recovery. Absorbed the of the tax cuts drop from 8 thousand to EUR 3,250 per year for each permanent employment, the number of unemployed to fall back, even the effects of the Jobs Act – which allow greater flexibility inbound and output – are less visible.

The growth of new jobs in June only affects the self-employed (+78 thousand) who after having bottomed out at the end of last year are recovering while remaining substantially unchanged employees (-7mila). A wakeup call arrives in the turnaround on the type of assuzioni: in spite of incentives, in fact, in the last quarter have been more complete assuzioni (60 thousand) of the open-ended (+ 27 thousand). A diametrically opposite trend to that observed on an annual basis: permanent and 207 thousand compared to 39 thousand hired on. In the last six months of 2015, however, companies have benefited from tax reductions “filled.”

Satisfied with the Minister of Labour Giuliano Poletti defining “extraordinary” results because “the employment rate is at its highest level since 2009, while the rate of youth unemployment is still very high, is the lowest since October 2012. much remains to be done to the problem of unemployment but to Istat one indication that the direction is the right one and that it is consolidating trend

improvement in the labor market. “

youth unemployment. In June, the unemployment rate of the aged 15-24, ie the share of unemployed youth in the total active ones (employed and unemployed), is 36.5%, down 0.3 percentage points from previous month. From the calculation it is by definition excluded young Inactive, because in most cases engaged in studies. Basically, the ratio of unemployed youth from 15 to 24 in the total of young people of the same age was 9.8% (ie less than a young man of 10 is unemployed).
In the remaining classes of the age employment rate in June increased for those over 35 (+0.1 percentage points), while falls in the class 25-34 years (-0.1 points). The unemployment rate remains unchanged among those over 35, while increasing by 0.2 points among 25-34 year olds. The inactivity rate falls among ultra35enni (-0.2 points in the class 35-49 years and 0.1 points in the 50-64 class) compared to a stability among the 25-34 year olds.

The artisans. “Artisans, micro and small companies confirmed the leading role for the world of work in Italy. In the first half of this year were up, continuous and solid, employment of about 2.5 per percent compared to the same period of 2015. With a difference not to be underestimated: in the first six months of employment growth last year was fueled by substantial de-contribution given to companies for new employment of indefinite duration, then greatly reduced in 2016 “. Detects the observatory of the labor market cna, cared for by the study center of the confederation, which monthly analyzes employment trends in a sample of 20,500 craft firms, micro and small with over 120 thousand employees.

Topics:

work

unemployment

istat

inactive

busy

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