Investing.com -- Italy’s unemployment rate declined to 5.1% in April, falling below analyst expectations of 5.3%, according to data released Friday by national statistics bureau ISTAT.
The April figure represents a decrease from March’s confirmed rate of 5.2%. During the month, Italy added a net 123,000 jobs, the statistics bureau reported.
Youth unemployment, which measures job-seekers between 15 and 24 years old, dropped to 16.9% in April from a downwardly revised 17.7% in March. The April rate marks the lowest level recorded since at least 2004, according to ISTAT data.
The overall employment rate rose to 63.1% in April from an upwardly revised 62.7% in March. Italy’s employment rate remains among the lowest in the euro zone.
The March youth unemployment figure was originally reported at 18.1% before being revised down to 17.7%. The March employment rate was also adjusted upward from an initially reported 62.4%.
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