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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 - Thursday 1 June 2023 08:00

Previous
7.9%
Revised
7.9%
Forecast
7.8%
Actual
7.8%

Next event - Thursday 29 June 2023 08:00

Previous
7.8%
Forecast
-
Actual
-

The typical/expected impact on EUR pairs is medium.

There is no forecast value for Unemployment yet - check back for updates.

Trading range

Forecast history

The most recent announced value for Unemployment was 7.8% against a forecast of 7.8%.

Past events

Date
Forecast
Actual
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%
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
9%
10.2%
Monday 1 February 2021 09:00
8.8%
9%
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%
Tuesday 1 September 2020 08:00
9.1%
9.7%
Thursday 30 July 2020 08:00
8.6%
8.8%
Thursday 2 July 2020 08:00
7.7%
7.8%

Economic context

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

PreviousLatest
Core Harmonized Index of Consumer Prices (MoM)Bearish change1%0.2%
Core Harmonized Index of Consumer Prices (YoY)Bearish change5.6%5.3%
Harmonized Index of Consumer Prices (MoM)Bearish change0.6%0%
Harmonized Index of Consumer Prices (YoY)Bearish change7%6.1%
Unemployment RateBullish change6.6%6.5%
30-y Bond AuctionBullish change3.81%3.98%
HCOB Manufacturing PMIBullish change42.943.2
HCOB Manufacturing PMIBearish change46.845.9
HCOB Manufacturing PMIBearish change4948.4
Retail Sales (MoM)Bullish change-2.4%0.8%
Retail Sales (YoY)Bullish change-8.6%-4.3%
Harmonized Index of Consumer Prices (YoY)Bearish change7.6%6.3%
Gross Domestic Product (QoQ)Bullish change0.5%0.6%
Gross Domestic Product (YoY)Bullish change1.8%1.9%
Unemployment ChangeBullish change24K9K
Unemployment Rate s.a.(no change)5.6%5.6%
Business ClimateBearish change0.510.19
Consumer Confidence(no change)-17.4-17.4
Gfk Consumer Confidence SurveyBullish change-25.8-24.2
Gross Domestic Product (QoQ)Bearish change0%-0.3%
Gross Domestic Product (YoY)Bearish change-0.1%-0.5%
Gross Domestic Product w.d.a (YoY)Bearish change0.2%-0.2%
IFO – Business ClimateBearish change93.491.7
IFO – Current AssessmentBearish change95.194.8
IFO – ExpectationsBearish change91.788.6
HCOB Composite PMIBearish change54.153.3
HCOB Manufacturing PMIBearish change45.844.6
HCOB Services PMIBearish change56.255.9
HCOB Composite PMIBullish change54.254.3
HCOB Manufacturing PMIBearish change44.542.9
HCOB Services PMIBullish change5657.8
HCOB Composite PMIBearish change52.451.4
HCOB Manufacturing PMIBullish change45.646.1
Consumer ConfidenceBullish change-17.5-17.4

About Unemployment

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