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.
Copyright © 2014 euronewsMore about:
- 1Earth Overshoot Day arrives earlier as we consume too much for planet to replenish
- 2China fines Japanese car parts makers for price-fixing
- 3BHP Billiton spin-off to simplify world’s biggest mining company
- 4Standard Chartered ‘to pay over money laundering monitor failures’
- 5UK inflation weaker than expected in July
- 1Russia to boost food trade with Egypt to compensate for Western ban
- 2Eurozone growth bottoms out in second quarter
- 3Greek farmers suffer in economic war between Russia and EU
- 4Cigarette plain packaging plan has Philip Morris ready to sue UK government – report
- 5Earth Overshoot Day arrives earlier as we consume too much for planet to replenish
- 1#ن: How an Arabic letter was reclaimed to support Iraq’s persecuted Christians | euronews, world news
- 2Ellen MacArthur: making waves on a journey to a circular economy | euronews, the global conversation
- 3Air Algerie loses contact with plane from Ouagadougou to Algiers | euronews, world news
- 4Putin T-Shirts flying off the shelves at Moscow megastore | euronews, world news
- 5Malta opera star Joseph Calleja’s summer concert draws big crowd | euronews, le mag
- 6Everything you need to know about the Ebola virus | euronews, world news
- 7Moscow claims Ukrainian jet flew close to Malaysian airliner | euronews, world news
- 8Massive Swedish forest fire is declared a national emergency | euronews, world news
- 9Hong Kong gets smart on mobility | euronews, urban visions
- 10Portugal hopes to become a pensioner’s paradise with zero tax offer | euronews, reporter
- 11Beyond the subconscious | euronews, futuris
- 12Eastern Ukrainians ‘hate Russian-led guerrillas’ — Arseniy Yatsenyuk | euronews, interview
- 13Romania buys into bitcoin big time | euronews, corporate
- 14Poland wants compensation from the EU for Russian import ban | euronews, world news
- 15A robot that grows | euronews, futuris
- 16Man, 27, fails in suicide bid after tigers reject chance to eat him | euronews, world news
- 17EU’s Russia sanctions doing more harm than good says Hungary’s PM Orban | euronews, world news
- 18Iceland warns Europe’s airlines of possible volcanic eruption | euronews, world news
- 19Turkey’s women have the last laugh | euronews, world news
- 20Greek farmers suffer in economic war between Russia and EU | euronews, economy
Wires > Business
- 18:01 CET FTSE slips from three-week high, “ex-div” firms down
- 17:12 CET FTSE slips from three-week high, “ex-div” firms down
- 17:11 CET Amazon enters free trade zone to boost offering in China – Xinhua
- 17:06 CET RBS settles copyright lawsuit after U.S. judge blocks software’s…
- 17:03 CET Carillion gives up pursuit of Balfour Beatty after third snub
- 16:55 CET Banks, funds agree on wider window for FX fix
- 16:38 CET Carillion drops merger pursuit with Balfour Beatty
- 16:15 CET Exclusive – Funds could face market curbs after lobbying backfires