Istat: in May + 114 thousand employees, unemployment at least since 2012

In May estimate employees records "a significant increase" with growth of 114,000 units compared with April (+ 0.5%) and 457,000 units per year (+ 2.0%). That's what Istat said, signaling that the unemployment rate has hit a new record low since August 2012, dropping to 10.7%. With regard to the total number of employees, in May there were 23 million and 382 thousand: this is the highest level since 2008.

The estimate of the applicants' May employment also fell sharply (-2.9%, equal to -84 thousand). The decrease in unemployment affects both bades and all age groups. The number of unemployed (-5.2%, -153 000) and inactive between the ages of 15 and 64 (-2.6%, -345 000) decreased significantly over the twelve months.

Youth unemployment at age 31, 9%: 6 years minimum – The youth unemployment rate (15-24 years) in May fell to 31.9% (-1.0 percentage points in April). The ISTAT explains that it is the lowest value since January 2012, so for more than 6 years

More than 3 million employees on time: new record – The ISTAT also notes that the number of temporary employees in May is still rising (+62 thousand units in April) bringing the total to 3 million and 74 thousand. A threshold that updates the historical record (the series begins in 1992). For the category, it is the fifth consecutive increase.

Istat Analysis – The ISTAT points out that in May "a marked improvement in the labor market is recorded, with an intense growth in employment , checked for both permanent and fixed-term workers. "At the same time, he adds," there has been a sharp drop in unemployment and even less inactivity "

However, on an annual basis, "the growth of employment seems to be substantial and concentrated in fixed-term jobs; in reference to age, between 15-34 years and especially among the over-50s. "Meanwhile," the contraction in unemployment continues, after the peak levels reached at the end of 2014 has returned to levels of mid-2012 "and the decline in inactivity also continues, which remains at historical minimum."