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).

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Most recent - Thursday 31 August 2023 08:00

7.4%

Revised

7.5%

Forecast

7.4%

Actual

7.6%

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

Next event - Monday 2 October 2023 08:00

7.6%

Forecast

7.7%

Actual

The typical/expected market impact of this event is low.

The consensus forecast for Unemployment is 7.7%. A higher value than forecast tends to be bullish for xxx/EUR pairs and bearish for EUR/xxx pairs.

Trading range

Forecast history

The most recent announced value for Unemployment was 7.6% against a forecast of 7.4%.

Past events

Date

Forecast

Actual

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%

Wednesday 3 May 2023 08:00

7.8%

Thursday 30 March 2023 08:00

Thursday 2 March 2023 09:00

7.8%

7.9%

Tuesday 31 January 2023 09:00

7.8%

Monday 9 January 2023 09:00

7.8%

Thursday 1 December 2022 09:00

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%

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

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%

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%

Thursday 1 July 2021 08:00

10.8%

10.5%

Tuesday 1 June 2021 08:00

10.1%

10.7%

Friday 30 April 2021 07:00

9.6%

10.1%

Tuesday 6 April 2021 08:00

10.2%

Monday 1 February 2021 09:00

8.8%

Friday 8 January 2021 10:00

9.7%

8.9%

Wednesday 2 December 2020 09:00

9.9%

9.8%

Friday 30 October 2020 08:00

10.1%

9.6%

Thursday 1 October 2020 08:00

10.1%

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:

		Previous	Latest
Consumer Price Index (EU Norm) (YoY)	Bullish change	5.5%	5.7%
Consumer Price Index (YoY)	Bearish change	5.4%	5.3%
Core Harmonized Index of Consumer Prices (MoM)	Bearish change	0.3%	0.2%
Core Harmonized Index of Consumer Prices (YoY)	Bearish change	5.3%	4.5%
Harmonized Index of Consumer Prices (MoM)	Bearish change	0.5%	0.3%
Harmonized Index of Consumer Prices (YoY)	Bearish change	5.2%	4.3%
Unemployment Change	Bullish change	18K	10K
Unemployment Rate s.a.	(no change)	5.7%	5.7%
Consumer Price Index (EU norm) (YoY)	Bearish change	5.7%	5.6%
Retail Sales (MoM)	Bearish change	-0.8%	-1.2%
Retail Sales (YoY)	Bearish change	-2.2%	-2.3%
Consumer Price Index (MoM)	(no change)	0.3%	0.3%
Consumer Price Index (YoY)	Bearish change	6.1%	4.5%
Harmonized Index of Consumer Prices (MoM)	Bearish change	0.4%	0.2%
Harmonized Index of Consumer Prices (YoY)	Bearish change	6.4%	4.3%
Business Climate	Bearish change	-0.33	-0.36
Consumer Confidence	(no change)	-17.8	-17.8
Economic Sentiment Indicator	(no change)	93.3	93.3
Harmonized Index of Consumer Prices (YoY)	Bullish change	2.4%	3.2%
Gfk Consumer Confidence Survey	Bearish change	-25.5	-26.5
IFO – Business Climate	(no change)	85.7	85.7
IFO – Current Assessment	Bearish change	89	88.7
IFO – Expectations	Bullish change	82.6	82.9
HCOB Composite PMI	Bullish change	46.7	47.1
HCOB Manufacturing PMI	Bearish change	43.5	43.4
HCOB Services PMI	Bullish change	47.9	48.4
HCOB Composite PMI	Bullish change	44.6	46.2
HCOB Manufacturing PMI	Bullish change	39.1	39.8
HCOB Services PMI	Bullish change	47.3	49.8
HCOB Composite PMI	Bearish change	46	43.5
HCOB Manufacturing PMI	Bearish change	46	43.6
HCOB Services PMI	Bearish change	46	43.9
Gross Domestic Product (QoQ)	Bearish change	0.6%	0.5%
Consumer Confidence	Bearish change	-16	-17.8
Producer Price Index (MoM)	Bullish change	-1.1%	0.3%
Producer Price Index (YoY)	Bearish change	-6%	-12.6%
Core Harmonized Index of Consumer Prices (MoM)	(no change)	0.3%	0.3%
Core Harmonized Index of Consumer Prices (YoY)	(no change)	5.3%	5.3%
Harmonized Index of Consumer Prices (MoM)	Bearish change	0.6%	0.5%

About Unemployment

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

Related events

	Australia		Unemployment Rate s.a.
	Australia		Employment Change s.a.
	Canada		Unemployment Rate
	Canada		Net Change in Employment
	New Zealand		Unemployment Rate
	New Zealand		Employment Change
	United Kingdom		Employment Change
	United Kingdom		ILO Unemployment Rate (3M)
	United Kingdom		Claimant Count Change
	United States		Nonfarm Payrolls
	United States		ADP Employment Change
	Australia		Wage Price Index (QoQ)
	Australia		Full-Time Employment
	Canada		Participation Rate
	Canada		Average Hourly Wages (YoY)
	Switzerland		Unemployment Rate s.a (MoM)
	Germany		Unemployment Change
	Germany		Unemployment Rate s.a.
	Eurozone		Labor Cost
	Eurozone		Unemployment Rate
	Japan		Jobs / Applicants Ratio
	Japan		Unemployment Rate
	New Zealand		Participation Rate
	New Zealand		Labour Cost Index (QoQ)
	United Kingdom		Claimant Count Rate
	United Kingdom		Average Earnings Including Bonus (3Mo/Yr)
	United Kingdom		Average Earnings Excluding Bonus (3Mo/Yr)
	United States		ISM Manufacturing Employment Index
	United States		Unit Labor Costs
	United States		Personal Income (MoM)
	United States		ISM Services Employment Index
	United States		Unemployment Rate
	United States		Nonfarm Productivity
	United States		Initial Jobless Claims
	United States		Labor Force Participation Rate
	United States		U6 Underemployment Rate
	United States		Initial Jobless Claims 4-week average
	United States		Average Hourly Earnings (MoM)
	United States		Average Hourly Earnings (YoY)

Calendar - Unemployment - Italy

Unemployment

Most recent - Thursday 31 August 2023 08:00

Next event - Monday 2 October 2023 08:00

Trading range

Trading range after each Unemployment event

Forecast history

Past events

Economic context

About Unemployment

Related events