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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 30 November 2023 09:00

Previous
7.4%
Revised
7.6%
Forecast
7.5%
Actual
7.8%

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

Next event - Tuesday 9 January 2024 09:00

Previous
7.8%
Forecast
-
Actual
-

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

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 7.5%.

Past events

Date
Forecast
Actual
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%
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%

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
Harmonized Index of Consumer Prices (MoM)(no change)-0.7%-0.7%
Harmonized Index of Consumer Prices (YoY)(no change)2.3%2.3%
Employment Change (QoQ)Bullish change0.1%0.2%
Gross Domestic Product s.a. (QoQ)(no change)-0.1%-0.1%
Gross Domestic Product s.a. (YoY)Bearish change0.1%0%
Industrial Production n.s.a. w.d.a. (YoY)Bullish change-3.6%-3.5%
Industrial Production s.a. (MoM)Bullish change-1.3%-0.4%
Retail Sales (MoM)Bullish change-0.1%0.1%
Retail Sales (YoY)Bullish change-2.9%-1.2%
Factory Orders n.s.a. (YoY)Bearish change-4.3%-7.3%
Factory Orders s.a. (MoM)Bearish change-0.5%-3.7%
Producer Price Index (MoM)Bearish change0.5%0.2%
Producer Price Index (YoY)Bullish change-12.4%-9.4%
HCOB Composite PMIBullish change47.147.6
HCOB Composite PMIBullish change47.147.8
HCOB Services PMIBullish change48.749.6
HCOB Services PMIBullish change47.749.5
HCOB Services PMIBearish change51.151
Sentix Investor ConfidenceBullish change-18.6-16.8
Trade Balance s.a.Bullish change€16.7B€17.8B
Gross Domestic Product (QoQ)Bullish change0%0.1%
Gross Domestic Product (YoY)Bullish change0%0.1%
HCOB Manufacturing PMIBullish change42.342.6
HCOB Manufacturing PMIBearish change44.944.4
HCOB Manufacturing PMIBullish change45.146.3
Consumer Price Index (EU Norm) (YoY)Bearish change1.8%0.7%
Consumer Price Index (YoY)Bearish change1.7%0.8%
Core Harmonized Index of Consumer Prices (MoM)Bearish change0.2%-0.6%
Core Harmonized Index of Consumer Prices (YoY)Bearish change4.2%3.6%
Harmonized Index of Consumer Prices (MoM)Bearish change0.1%-0.5%
Harmonized Index of Consumer Prices (YoY)Bearish change2.9%2.4%
Unemployment Rate(no change)6.5%6.5%
Unemployment ChangeBullish change30K22K
Unemployment Rate s.a.Bearish change5.8%5.9%
Consumer Price Index (EU norm) (YoY)Bearish change4.5%3.8%
Retail Sales (MoM)Bullish change-0.8%1.1%
Retail Sales (YoY)Bullish change-4.3%-0.1%
Consumer Price Index (MoM)Bearish change0%-0.4%
Consumer Price Index (YoY)Bearish change3.8%3.2%
Harmonized Index of Consumer Prices (MoM)Bearish change-0.2%-0.7%
Harmonized Index of Consumer Prices (YoY)Bearish change3%2.3%
Business ClimateBearish change-0.33-0.39
Consumer Confidence(no change)-16.9-16.9
Economic Sentiment IndicatorBullish change93.593.8
Harmonized Index of Consumer Prices (YoY)Bearish change3.5%3.2%
Gfk Consumer Confidence SurveyBullish change-28.1-27.8

About Unemployment

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