Italy’s youth jobless hits record high

Source: Press TV

Italy’s youth unemployment has reached a new record high of over 30 percent, as it confirms that the euro-zone’s third-largest economy is already in recession.

According to seasonally adjusted figures released by ISTAT on Thursday, the unemployment rate for young people aged 15 to 24 years have reached 30.1 percent in November, while the country’s overall unemployment rate stands at 8.6 percent.

The number of people looking for work across the Italy rose to 2.142 million in November, which is up 0.7 percent compared to October.

The 8.6 percent figure registered for November is the highest jobless rate since May 2010. Unemployment in Italy has followed an upward trend since summer.

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