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Italy's unemployment at critical rate

 
 
 
 
 
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A recent study has shown that less than one out of two working-age Italians held a job last year, amid a decade-long employment crisis, Press TV reports.

The study conducted by Bruno Trentin Association, linked to the Italian General Confederation of Labour (CGIL), found that Italy’s employment rate stood at almost 49 percent in 2013.

The report also found that even though the country’s unemployment rate was in line with the eurozone’s average of around 12 percent, Italy’s employment rate was eight percentage points lower compared to the 18-member group.

In addition, the report said the number of working-age Italians listed as inactive, meaning those who were not searching as they felt no regular job was available, reached a record 20 million last year.

The study also revealed that the percentage of inactive Italians also rose last year to over 44 percent, which was higher than the Europe’s average of 36 percent during the same time.

Some Italians argue that returning to jobs connected to the country’s agricultural sector would be an effective way to tackle the employment crisis.

This comes as a recent report by National Institute of Statistics for Italy, Istat, has revealed that over six million Italians lived in absolute poverty in 2013, meaning they were unable to afford the goods and services to meet a minimum standard of living.

Over the past decade, Italy has been the slowest-growing economy in the eurozone as tough austerity measures, spending cuts, and pension changes have stirred serious concerns for many people already grappling with the ailing economy of the country.

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