Economics
Italy Unemployment Falls as Youth Jobless Hits Record
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Italy’s unemployment rate fell to 12.3 percent in June in a positive sign for Prime Minister Matteo Renzi’s economic program. Youth unemployment rose to a record high.
The jobless rate rose dropped from 12.6 percent in May, the Rome-based national statistics office Istat said in a preliminary report today. The median estimate of eight economists surveyed by Bloomberg called for a June unemployment rate of 12.6 percent.