Italy’s jobless rate rose in November to a new record high of 12.7 percent.
That month there were 55,000 fewer people in work compared with the month before, and 448,000 fewer than in November 2012.
Youth unemployment also hit its highest level on record 41.6 percent.
Despite weak signs of economic recovery Italian businesses are not creating jobs as the country languishes in its longest post-war recession.
The young are dispirited. One young woman said: “I am extremely worried about my future. I still haven’t made up my mind on what I’m going to do, probably I’ll go abroad”.
While a young male jobseeker lamented: “We invested all this time and money in our studies but now we find we have nothing.”
Prime Minister Enrico Letta has called the youth unemployment rate a national emergency. His party is about to unveil a “Jobs Act”.
Since the start of the global financial crisis, in 2007 Italy has lost over one million jobs and a recent opinion poll found 70 percent of Italians who do have a job fear they could lose it.
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Syrian refugee tripped by shamed camera woman is named
- 3Hungarian camera woman caught on video kicking and tripping migrants could face jail
- 4Hungarian reporter who tripped migrants apologises for her actions
- 5NASA discovers evidence of “liquid briny water” flowing on Mars
- 6Latest News Bulletin
- 7At least 220 dead in stampede outside Mecca, Saudi Arabia reports
- 8Egyptian billionaire offers to buy Mediterranean island to house refugees
- 9International breaking news | euronews online world breaking news in video
- 10Denmark: launches anti-migrant ad campaign
- 11Hungarian camerawoman fired after being filmed kicking migrants
- 12Why aren’t rich Gulf states welcoming Syrian refugees… or are they?
- 13Spain: Catalan President faces ‘civil disobedience’ charges over breakaway vote
- 14Banzai back in the vocabulary as Japan passes law allowing combat deployments
- 15Exclusive: shipwatchers chart Russian hardware heading into Med
- 16Why aren’t rich Gulf states welcoming Syrian refugees…or are they?
- 17International news | euronews, latest international news
- 18Which European countries offer the most social benefits to migrants?
- 19What the top tweets worldwide are saying about #refugees
- 20[Live] Catalonia: separatists heading for clear win in crucial elections
latest economy news
Amazon to stop selling Apple and Google streaming devices
US jobs growth stumbles, fueling economy fears
More deflation fears as eurozone industrial producer prices fall
Household spending up in Japan, easing recession fears
Air France plans ‘significant’ job cuts after pilot talks break down
Wires > Business
- 03:15 CET Greece to unveil painful 2016 draft budget
- 02:48 CET BBC probe reveals working condition issues at Sports Direct
- 02:41 CET Asia stocks rise as weak U.S. jobs dampen prospects of near-term…
- 00:12 CET Global regulators finalise new capital rule for big insurers
- 00:01 CET Turbine maker Nordex buys Acciona’s wind power business
- 23:05 CET World Bank’s Kim to ask members for capital injection – FT
- 22:49 CET Rolls-Royce to cut 400 marine division jobs – FT
- 21:55 CET Prudential may quit UK to escape new EU regulations – Sunday Times