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Italy's jobless rate falls in February

Staff Writer | April 4, 2017
Italy's unemployment rate declined in February, figures from the statistical office Istat showed.
Unemployed Italy
Working in Italy   Unemployed totaled 2.984 million
The unemployment rate fell unexpectedly to 11.5% in February from revised 11.8% in January. The initial rate for January was 11.9%.

A similar lower rate was last seen in August 2016. Economists had forecast the jobless rate to remain unchanged at 11.9% in February.

In February, unemployed totaled 2.984 million, down 2.7% over the previous month. The employment rate was 57.5%, unchanged from January.

The youth unemployment rate declined to 35.2 in February from 36.9% in January.