Mercoledì, 26 Settembre 2018

Unemployment 'the mother of all social evil' says Squnizi


Rome, May 23 - The head of Confindustria, Italy's
powerful industrial confederation, called unemployment "the
mother of all social evil" in a call to stimulate growth in
Italy's recession-hit economy on Wednesday.
"Joblessness must be countered in a balanced and structural
way, adjusting costs, productivity and regulations," said
Giorgio Squinzi at Confindustria's annual assembly. "Companies
are ready to support government action with investments and
According to forecasts released earlier this month by
national statistics agency Istat, unemployment will rise to
11.9% this year, up 1.2% in 2012, and climb further still in
2014 to reach 12.3%.
Youth employment reached 38.4% in March, 3.2% higher than
the same month in 2012, according to Istat.

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