Italy – Youth unemployment reaches 38-year high

Italy’s unemployment rate moved up to 12.7 per cent in June from 12.5 per cent in May, delivering a blow to hopes that the nascent recovery in the eurozone’s third largest economy could bring some relief to its sclerotic labour market.

Meanwhile, youth joblessness increased to 44.2 per cent, its highest level since 1977 and roughly twice the eurozone average, showing that high-school and university-aged Italians are still desperately struggling to find employment., write James Politi and Duncan Robinson.

Chosen excerpts by Job Market Monitor. Read the whole story at Youth unemployment in Italy reaches 38-year high – fastFT: Market-moving news and views, 24 hours a day – FT.com.