Italy 4Q Adjusted Jobless Rate 6.5% Vs 3Q 6.7% -2
Wed, Mar 21 2007, 09:35 GMThttp://www.djnewswires.com/eu
DATA SNAP: Italy 4Q Adjusted Jobless Rate 6.5% Vs 3Q 6.7% -2 The number of employed people rose 1.5% to 23 million from the fourth quarter of 2005, due to an increase in workers on short-term contracts and an increase in foreigners' employment.
Compared with the third quarter of 2006, employment rose a seasonally adjusted 0.2%. Foreigners' employment level grew 2.0% to 67.4% in the fourth quarter, the Istat official said, while 191,000 more people had short-term contracts in the same period.
The employment rate rose to 58.5% from 57.8% in the fourth quarter of last year, although it remains low compared to the European Union average. This increase was helped by an increase in women's' employment on short-term and part-time contracts in Southern Italy, the Istat official said. It said fewer people in the same region reported they were looking for employment in the fourth quarter.
On the year, the unemployment level fell most significantly in the southern part of the country, especially for women, Istat said. The employment level in 2006 rose 0.9% to 58.4% from 57.6% in 2005, due to employment growth all over the country, with a 1.0% growth in the northern and central parts of the country and a 0.8% growth in the South, Istat said.
Full-time employment increased 1.4% on the year, while part-time employment rose 5.4%.
-By Kristine Crane, Dow Jones Newswires; +39 06 678 25 43; kristine.crane@dowjones.com
DATA SNAP: Italy 4Q Adjusted Jobless Rate 6.5% Vs 3Q 6.7% -2 The number of employed people rose 1.5% to 23 million from the fourth quarter of 2005, due to an increase in workers on short-term contracts and an increase in foreigners' employment.
Compared with the third quarter of 2006, employment rose a seasonally adjusted 0.2%. Foreigners' employment level grew 2.0% to 67.4% in the fourth quarter, the Istat official said, while 191,000 more people had short-term contracts in the same period.
The employment rate rose to 58.5% from 57.8% in the fourth quarter of last year, although it remains low compared to the European Union average. This increase was helped by an increase in women's' employment on short-term and part-time contracts in Southern Italy, the Istat official said. It said fewer people in the same region reported they were looking for employment in the fourth quarter.
On the year, the unemployment level fell most significantly in the southern part of the country, especially for women, Istat said. The employment level in 2006 rose 0.9% to 58.4% from 57.6% in 2005, due to employment growth all over the country, with a 1.0% growth in the northern and central parts of the country and a 0.8% growth in the South, Istat said.
Full-time employment increased 1.4% on the year, while part-time employment rose 5.4%.
-By Kristine Crane, Dow Jones Newswires; +39 06 678 25 43; kristine.crane@dowjones.com
Labels: Italy, Jeff Altman, jobs, The Big Game Hunter, The Job Market Blog
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