FX.co ★ Italy Jobless Rate Surges to 11-Month High

In May 2025, Italy experienced an increase in its unemployment rate, escalating to 6.5% from the previously adjusted figure of 6.1% in April. This surpassed market projections, which had anticipated a decrease to 6%. The reported joblessness marks the highest level seen in nearly a year. The number of unemployed individuals increased by 113,000, reaching a total of 1,691,000—the highest count in 11 months—indicating an unanticipated downturn in the Italian job market. Concurrently, the number of employed persons rose by 80,000, achieving a record high of 24,301,000. The rise in unemployment correlates with a surge in the labor force participation rate, which climbed by 0.4 percentage points to an unprecedented 67.4%.