The job market in Italy is showing signs of improvement, yet some challenges remain. According to data released by Istat, in November 2024, the number of employed individuals stood at 24.065 million, marking a slight 0.1% decline (-13,000) compared to the previous month. However, year-on-year, employment has increased by 1.4%, equivalent to 328,000 more jobs.
The employment rate remains stable at 62.4%, while the unemployment rate has dropped to 5.7%, reflecting progress. A less encouraging trend is seen in youth unemployment, which has risen by 1.4%, reaching 19.2%. Meanwhile, the number of women and workers aged 25 to 49 seeking jobs has decreased by 1.6%. The inactivity rate stands at 33.7%.
In response to these figures, Unimpresa stresses the need for stronger measures to support SMEs, the backbone of the Italian economy. According to Unimpresa’s president, Giovanna Ferrara, while Istat’s data sends a positive signal, greater efforts are required to bolster economic growth.
«The decline in unemployment is certainly good news,» Ferrara stated, «but small and medium-sized enterprises continue to face significant obstacles. More structural interventions are needed, such as tax wedge reduction and incentives for investments in innovation and digitalization. SMEs generate jobs and value for the country: a stronger Italy needs a more resilient entrepreneurial fabric.»
The focus now shifts to the government’s next moves, as it is expected to introduce new measures to boost the job market and ensure employment stability.
What do you think about these statistics? What solutions do you believe would be most effective in supporting SMEs and reducing unemployment? Share your thoughts in the comments below!
