Unemployment

The Unemployment Rate released by the National Institute of Statistics is the number of unemployed workers divided by the total civilian labor force. It is a leading indicator for the Italian economy. If the rate is up, it indicates a lack of expansion within the Italian labor market. As a result, a rise leads to weakening in the economy. Normally, a decrease in the figure is seen as positive (or bullish) for the Euro, while an increase is seen as negative (or bearish).

Most recent - Tuesday 2 July 2024 08:00

Previous
6.9%
Revised
-
Forecast
6.9%
Actual
6.8%

Higher numbers than forecast tend to be bullish for EUR/xxx pairs and bearish for xxx/EUR pairs.

Trading range

Forecast history

The most recent announced value for Unemployment was 6.8% against a forecast of 6.9%.

Past events

Date
Forecast
Actual
Tuesday 2 July 2024 08:00
6.9%
6.8%
Thursday 30 May 2024 08:00
7.2%
6.9%
Friday 3 May 2024 08:00
7.5%
7.2%
Wednesday 3 April 2024 08:00
7.2%
7.5%
Friday 1 March 2024 09:00
7.2%
7.2%
Wednesday 31 January 2024 09:00
7.6%
7.2%
Tuesday 9 January 2024 09:00
7.9%
7.5%
Thursday 30 November 2023 09:00
7.5%
7.8%
Friday 3 November 2023 09:00
7.4%
7.4%
Monday 2 October 2023 08:00
7.7%
7.3%
Thursday 31 August 2023 08:00
7.4%
7.6%
Tuesday 1 August 2023 08:00
7.7%
7.4%
Friday 30 June 2023 08:00
7.9%
7.6%
Thursday 1 June 2023 08:00
7.8%
7.8%
Wednesday 3 May 2023 08:00
8%
7.8%
Thursday 30 March 2023 08:00
8%
8%
Thursday 2 March 2023 09:00
7.8%
7.9%
Tuesday 31 January 2023 09:00
7.8%
7.8%
Monday 9 January 2023 09:00
7.8%
7.8%
Thursday 1 December 2022 09:00
8%
7.8%
Thursday 3 November 2022 09:00
7.8%
7.9%
Friday 30 September 2022 08:00
7.9%
7.8%
Thursday 1 September 2022 08:00
8.1%
7.9%
Monday 1 August 2022 08:00
8.1%
8.1%
Thursday 30 June 2022 08:00
8.4%
8.1%
Wednesday 1 June 2022 08:00
8.3%
8.4%
Monday 2 May 2022 08:00
8.4%
8.3%
Thursday 31 March 2022 08:00
8.7%
8.5%
Thursday 3 March 2022 09:00
-
8.8%
Tuesday 1 February 2022 09:00
-
9%
Monday 10 January 2022 09:00
9.3%
9.2%
Thursday 2 December 2021 09:00
9.1%
9.4%
Wednesday 3 November 2021 09:00
9.2%
9.2%
Thursday 30 September 2021 08:00
9.2%
9.3%
Wednesday 1 September 2021 08:00
9.7%
9.3%
Friday 30 July 2021 07:00
10.4%
9.7%

Economic context

Recent economic data has been moderately bearish for EUR. Other recent announcements which may affect the market's interpretation of the next Unemployment result:

PreviousLatest
Harmonized Index of Consumer Prices (YoY)Bullish change3.5%3.6%
Consumer Price Index (EU norm) (YoY)(no change)2.5%2.5%
Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Harmonized Index of Consumer Prices (YoY)(no change)2.5%2.5%
Sentix Investor ConfidenceBearish change0.3-7.3
Trade Balance s.a.Bullish change€22.2B€24.9B
Retail Sales (MoM)Bullish change-0.2%0.1%
Retail Sales (YoY)Bearish change0.6%0.3%
Industrial Production n.s.a. w.d.a. (YoY)Bearish change-3.9%-6.7%
Industrial Production s.a. (MoM)Bearish change-0.1%-2.5%
Factory Orders n.s.a. (YoY)Bearish change-1.6%-8.6%
Factory Orders s.a. (MoM)Bearish change-0.2%-1.6%
Producer Price Index (MoM)Bullish change-1%-0.2%
Producer Price Index (YoY)Bullish change-5.7%-4.2%
HCOB Composite PMIBullish change50.850.9
HCOB Composite PMIBearish change50.650.4
HCOB Services PMIBearish change53.553.1
HCOB Services PMIBearish change56.956.8
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.4%0.3%
Core Harmonized Index of Consumer Prices (YoY)(no change)2.9%2.9%
Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change2.6%2.5%
Unemployment Rate(no change)6.4%6.4%
Consumer Price Index (MoM)(no change)0.1%0.1%
Consumer Price Index (YoY)Bearish change2.4%2.2%
Harmonized Index of Consumer Prices (MoM)(no change)0.2%0.2%
Harmonized Index of Consumer Prices (YoY)Bearish change2.8%2.5%
HCOB Manufacturing PMIBullish change43.443.5
HCOB Manufacturing PMIBullish change45.645.7
HCOB Manufacturing PMIBearish change5452.3

About Unemployment

Country:Italy
Currency:EUR
Source:ISTAT
Category:Labor Market
Frequency:Monthly
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