Italy’s chronic unemployment problem has been thrown into sharp relief after 85,000 people applied for 30 jobs at a bank – nearly 3,000 candidates for each post.
With youth unemployment nudging close to 40 per cent and the overall level at 11 per cent, steady jobs are in great demand.
But even the managers at the Bank of Italy were astounded by the huge number of people who contacted them.
Chosen excerpts by Job Market Monitor. Read the whole story at More than 80,000 Italians apply for just 30 bank jobs, as economy remains in doldrums
School-to-Work Transition in Italy – A sclerotic labor market and a very inefficient and disorganized educational system
This essay has examined the Italian SWTR, which is a typical example of the European Mediterranean one where the role of the State is marginal as compared to that of the family. The latter has to bear the cost of the extremely slow transition period young people undergo on their way from education to a … Continue reading
Ph.D. and Overeducation in Italy – 31.28% of them report that their Ph.D. title was not useful to get the job they were carrying
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Fewer babies were born in Italy in 2015 than in any year since the modern state was founded 154 years ago, and the population shrank for the first time in three decades, data showed on Friday.Adding to the gloomy picture, the number of deaths jumped more than 9 percent over the previous year. That left … Continue reading
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 … Continue reading
Governments sometimes promote reforms that increase access to education for a large share of the population. These reforms may lower the returns to education by altering returns to skills, education quality, and peer effects. This column examines a 1961 Italian reform that increased enrolment in university STEM majors among students who had previously been denied … Continue reading