Economics
Italy Tax Breaks For Hiring Curb Joblessness Amid Dim Growth
- January unemployment at 11.5% from revised 11.6% in December
- Youth jobless rate increases to highest since October
This article is for subscribers only.
Italy’s unemployment rate fell slightly in January as job creation was aided by tax breaks to reward employers hiring people on an open-ended basis, offsetting the impact of weak economic growth.
The rate dropped to 11.5 percent from a revised 11.6 percent in December, national statistics agency Istat said Tuesday in Rome. The median estimate in a Bloomberg survey of eight analysts called for 11.4 percent. Istat originally reported an 11.4 percent rate for December.