Overview

• Istat said the July jobless rate fell to 6.0% as the number of unemployed dropped by 74,000 to 1.532 million.
• Employment rose by 13,000 on the month and 218,000 on the year to 24.217 million, lifting the employment rate to 62.8%.
• Permanent and fixed-term employees increased, while self-employed workers declined.
• Youth unemployment eased to 18.7% from 20.1% in June, remaining above the euro-area youth rate of 13.9%.
• Italy’s rate sits below the eurozone’s 6.2% in July, and Meloni praised the figures as the ILO flags an 8.7% real wage loss since 2008 and the August manufacturing PMI ticked up to 50.4.