Italian jobless rate hits 36 year high

Italian unemployment has risen to its highest rate since 1977, at 12 per cent in April. Last month unemployment stood at 11.9 per cent (revised from 11.5 per cent). Economists had expected a slight increase from that unrevised figure to 11.6 per cent.

The employment rate in April is at 56 per cent and inactivity at 36.2 per cent.