Italian economy shattered as one in three jobless GIVE UP searching for work

Wednesday, August 31, 2016
By Paul Martin

A THIRD of jobless Italians gave up looking for work at the start of the year, amid rising fears for Italy’s economy.

Wed, Aug 31, 2016

A whopping 37.1 per cent of unemployed Italians joined the ranks of those who have stopped looking for a job altogether between the last three months of 2015 and the first quarter of 2016, according to Eurostat data.

The number of those now classed as inactive is double the European average of 18.9 per cent.

In the same period, only 12.8 per cent of unemployed Italians found a job. That compares to 15.4 per cent of EU citizens who were unemployed in the fourth quarter of 2015, finding a job in the first three months of 2016.

In total 50 per cent of Italians are still searching for work.

The Rest…HERE

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