Domenica, 23 Settembre 2018
ROME

>>>ANSA/ Almost four in 10 young Italians unemployed

English
© ANSA

(By Paul Virgo)
Rome, April 30 - Almost one in four young Italian
people are unemployed, Istat said on Tuesday, in another sign
that the country's longest recession in 20 years is hitting the
new generations especially hard.
The statistics agency said 38.4% of 15-to-24-year-olds were
unemployed in March, 3.2% higher than the same month in 2012 and
0.6% higher than February, according to seasonally adjusted
provisional data.
The statistics agency said 635,000 people in this age
bracket were on the dole.
The situation for the population as a whole is alarming
too.
The number of unemployed people was 2.95 million in March,
297,000 more than in the same month in 2012, Istat said on
Tuesday.
The statistics agency added that the number was 14,000
lower than in February in absolute terms, even though the
percentage of the overall working population on the dole was
flat at 11.5%.
Istat also reported that in March 22.674 million people
were in work, 51,000 (0.2%) fewer than in February and 248,000
fewer than in the same month in 2012.
Women are also being hit hard by the jobs crisis.
Istat said the number of women in work fell by 70,000 in
March with respect to February.
Earlier this month the agency stressed that its headline
unemployment figures reflect only part of the problem of people
being without jobs in Italy.
For example, it said that in 2012 there were 2.975 million
people who were willing to work but not actively looking for a
job.
In most cases these people have stopped looking because
they have given up hope of finding a job.
When added to the people who were unemployed in the
traditional sense - those actively seeking work and eligible for
unemployment benefits - this took the overall number of jobless
in Italy in 2012 up to 5.72 million.
The recession is compounding the effects of a decade of
sluggish economic growth for young people.
Some experts say Italy's labour regulations, which give
high levels of protection for people with regular full-time
jobs, who tend to be older, discourage firms from taking on new
staff and make it difficult for young people to enter the labour
market.
Many young Italians who do have jobs work under temporary
or freelance contracts that offer low levels of job security.
Former premier Mario Monti's emergency government tried to
change this with labour reforms to make it easier for firms to
dismiss staff, a move it said would encourage companies to hire
people with regular contracts.
But these measures were watered down after opposition from
trade unions.
Premier Enrico Letta has said reducing labour taxes to
encourage job creation will be one of the priorities of his new
left-right coalition administration.
The difficult economic climate and high housing costs
forces many young Italians to live with their parents until
their 30s and 40s because they cannot afford to leave home.
There are concerns about how many young people will have a
pension at the end of their careers too as these so-called
'precarious' contracts often feature low levels of social
security contributions.
At the other end of the system, the fact that Italians are
living longer means retirees are taking money out of the state's
pension funds for longer and longer.

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