Italy / A tax break package to fight youth unemployment

Italy will present emergency measures on Wednesday to try to tackle record-high youth unemployment, including tax breaks for companies that hire young people, Prime Minister Enrico Letta told parliament.

Letta has repeatedly said getting young people into work will be the top priority of his fragile, right-left coalition and the package to be approved by the cabinet on Wednesday is the first step to convert the rhetoric into policy.

Unemployment in the euro zone’s third largest economy hit 12 percent in April, the highest level on record, and joblessness among people under 25 is at an all-time high above 40 percent.

Chosen excerpts by Job Market Monitor

via Italy to present tax break package to fight unemployment.