Infra-Annual Registered Unemployment and Job Vacancies: Total Economy: Registered Unemployment for Ireland
Annual, Not Seasonally Adjusted
LMUNRLTTIEA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
179,422.30
Year-over-Year Change
-59.67%
Date Range
1/1/1955 - 1/1/2023
Summary
This economic indicator measures the annual, not seasonally adjusted unemployment rate for the population aged 15-64 in Italy. It provides critical insights into labor market conditions and the broader health of the Italian economy.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The annual, not seasonally adjusted unemployment rate tracks the percentage of the Italian labor force aged 15-64 that is actively seeking work but unable to find employment. This metric offers a high-level view of long-term trends in the Italian job market and is closely monitored by policymakers and analysts.
Methodology
The data is collected through national labor force surveys conducted by the Italian government.
Historical Context
Policymakers and central banks use this unemployment rate to inform economic and monetary policies aimed at promoting full employment and stable growth.
Key Facts
- Italy's annual unemployment rate averaged 10.7% from 2010-2020.
- The rate peaked at 12.7% in 2014 during the European debt crisis.
- Youth (15-24) unemployment is significantly higher than the overall rate.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the annual, not seasonally adjusted unemployment rate for the population aged 15-64 in Italy.
Q: Why is this trend relevant for users or analysts?
A: The Italian unemployment rate is a key metric for assessing the health of the labor market and broader economy, informing policy decisions by the government and central bank.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Italian government.
Q: How is this trend used in economic policy?
A: Policymakers and central banks use this unemployment rate to inform economic and monetary policies aimed at promoting full employment and stable growth.
Q: Are there update delays or limitations?
A: The data is published annually with a short delay, providing a high-level view of long-term labor market trends.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LMUNRLTTIEA647N), retrieved from FRED.