AIRLINK 80.80 Increased By ▲ 1.39 (1.75%)
BOP 5.29 Decreased By ▼ -0.04 (-0.75%)
CNERGY 4.37 Decreased By ▼ -0.01 (-0.23%)
DFML 35.15 Increased By ▲ 1.96 (5.91%)
DGKC 76.50 Decreased By ▼ -0.37 (-0.48%)
FCCL 20.56 Increased By ▲ 0.03 (0.15%)
FFBL 32.28 Increased By ▲ 0.88 (2.8%)
FFL 9.70 Decreased By ▼ -0.15 (-1.52%)
GGL 10.17 Decreased By ▼ -0.08 (-0.78%)
HBL 117.61 Decreased By ▼ -0.32 (-0.27%)
HUBC 135.40 Increased By ▲ 1.30 (0.97%)
HUMNL 7.02 Increased By ▲ 0.02 (0.29%)
KEL 4.66 Decreased By ▼ -0.01 (-0.21%)
KOSM 4.69 Decreased By ▼ -0.05 (-1.05%)
MLCF 37.24 Decreased By ▼ -0.20 (-0.53%)
OGDC 136.55 Decreased By ▼ -0.15 (-0.11%)
PAEL 23.00 Decreased By ▼ -0.15 (-0.65%)
PIAA 26.85 Increased By ▲ 0.30 (1.13%)
PIBTL 6.91 Decreased By ▼ -0.09 (-1.29%)
PPL 113.26 Decreased By ▼ -0.49 (-0.43%)
PRL 27.47 Decreased By ▼ -0.05 (-0.18%)
PTC 14.66 Decreased By ▼ -0.09 (-0.61%)
SEARL 57.00 Decreased By ▼ -0.20 (-0.35%)
SNGP 66.65 Decreased By ▼ -0.85 (-1.26%)
SSGC 11.03 Decreased By ▼ -0.06 (-0.54%)
TELE 9.26 Increased By ▲ 0.03 (0.33%)
TPLP 11.51 Decreased By ▼ -0.05 (-0.43%)
TRG 72.29 Increased By ▲ 0.19 (0.26%)
UNITY 25.55 Increased By ▲ 0.73 (2.94%)
WTL 1.37 Decreased By ▼ -0.03 (-2.14%)
BR100 7,560 Increased By 33.9 (0.45%)
BR30 24,694 Increased By 44.4 (0.18%)
KSE100 72,152 Increased By 180.3 (0.25%)
KSE30 23,822 Increased By 73.4 (0.31%)

imageROME: Italy's seasonally adjusted unemployment rate eased unexpectedly to 11.6 percent in February from January's 21-year high of 11.7, national statistics agency ISTAT reported on Tuesday.

The figure was below the average forecast in a Reuters survey of analysts which pointed to a further rise to 11.8 percent, and was the first fall in the jobless rate since July last year.

Youth unemployment also declined to 37.8 percent from January's record high of 38.6 percent.

The employment rate - showing the proportion of Italians in work as a proportion of the population - edged up 56.4 percent from January's 56.3 percent, which had been the lowest level for 13 years.

Unemployment, which was major issue in February's inconclusive national election, has been rising steadily since early 2011 as Italy has languished in its longest recession for 20 years.

Analysts say the biggest challenge for Italy is to increase its chronically low rates of employment and participation in the labour market, which are among the lowest in the industrialized world, especially among women, the young and the elderly.

Comments

Comments are closed.