# Italy April jobless rate falls to 6.9%, lowest since 2008
Published: 2024-05-30
Category: Headlines
Category URL: https://blockchaintribune.com/category/headlines/
Meta Title: Italy April jobless rate falls to 6.9%, lowest since 2008 -
URL: https://blockchaintribune.com/italy-april-jobless-rate-falls-to-6-9-lowest-since-2008/

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## Italy April jobless rate falls to 6.9%, lowest since 2008   ROME (Reuters) – Italy’s unemployment rate declined to 6.9% in April from a downwardly revised 7.1% the [month](https://blockchaintribune.com/euro-zone-aug-producer-prices-edge-up-month-on-month-as-expected-plunge-year-on-year/) before, data showed on Thursday, as some 84,000 jobs were created in the month.    The April rate was the [lowest](https://blockchaintribune.com/pay-gap-between-bosses-and-ordinary-workers-widens-in-switzerland/) since December 2008, national statistics bureau ISTAT reported.    A Reuters survey of 11 analysts had forecast a level of 7.2%, which was the previously reported figure for March.    In the February-to-April period, employment was up by 136,000, or 0.6%, compared with the previous three months, ISTAT said.    In April, the number of people in work was up by 516,000, or 2.2% compared with April 2023.    The youth unemployment rate, measuring job-seekers between 15 and 24 years old, was stable in April at 20.2%.    Italy’s overall employment rate, one of the [lowest](https://blockchaintribune.com/pay-gap-between-bosses-and-ordinary-workers-widens-in-switzerland/) in the euro zone, climbed to 62.3% in April from March’s 62.1%, reaching its highest level since ISTAT’s current series began in 2004.    Italian gross domestic product increased by 0.3% in the first quarter from the previous three months, preliminary ISTAT data showed last [month,](https://blockchaintribune.com/euro-zone-aug-producer-prices-edge-up-month-on-month-as-expected-plunge-year-on-year/) following marginal 0.1% growth in Q4 2023.    Most analysts expect similar modest growth rates through the rest of this year, yielding full-year 2024 growth of between 0.7% and 1%.        (reporting by Gavin Jones and Valentina Consiglio, graphic by Stefano Bernabei)


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