Home > Uncategorized > Graph of the day. The rapid rise of Italian unemployment

Graph of the day. The rapid rise of Italian unemployment

‘Headline’ unemployment in Italy is, since the end of 2013, stable around a very high 12,5%. Don’t let this fool you – there is more between work and inactivity than headline unemployment. ‘Disillusioned’ workers, which do not have a job and are able to start working within two weeks but which are not actively seeking are not counted as ‘officially unemployed’. And in Italy the amount of ‘disillusioned workers’ – already by far the highest of Europe – is rising rapidly. I.e.: ‘broad’ unemployment in Italy is rising rapidly, too. Which makes the failure of Italian and Eurozone economic policies even larger. Mind the low amount of ‘disillusioned workers’ in Greece – broad unemployment in Greece and Italy is at about the same level!

Broad

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