Italy's jobless rate falls to 5% in May

WorldBusiness & Finance
2 Jul 2026 • 7:21 PM MYT
DPA International
DPA International

DPA, founded in 1949, one of the world’s leading independent news agencies

Italy's unemployment rate decreased marginally to a series record low in May, preliminary figures from the statistical office ISTAT showed on Thursday.

The seasonally adjusted jobless rate stood at 5% percent, down from April's 5.1%. Meanwhile, economists had expected the rate to remain stable at 5.1%.

In the corresponding month last year, the unemployment rate was 6.5%.

The number of unemployed people decreased by 22,000 to 1.278 million in May compared to a month ago.

Data showed that the employment rate dropped to 63% from 63.1%, reflecting a decline of 22,000 employed people compared to the previous month.

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