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Italy EUR

Italy Unemployment Rate

Impact:
Medium

Latest Release:

Date:
Actual:
6%
Forecast: 6%
Previous/Revision:
5.9%
Period: Mar

Next Release:

Date:
Period: Apr
What Does It Measure?
The unemployment rate measures the percentage of the total labor force that is unemployed but actively seeking employment within Italy. It primarily focuses on labor market conditions, assessing the availability of jobs and the economic opportunities for workers, along with key indicators like job growth, workforce participation, and economic activity.
Frequency
The unemployment rate is typically released on a monthly basis, with the data often representing revised past figures or the most current estimate; it is usually published in the first week of the following month.
Why Do Traders Care?
Traders closely monitor the unemployment rate as it serves as a critical indicator of economic health, influencing expectations around consumer spending and overall economic growth. A declining unemployment rate is generally seen as a positive sign for stock markets and can bolster confidence in the national currency, while an increase may trigger concerns about economic stagnation or recession.
What Is It Derived From?
The unemployment rate is derived from labor force surveys conducted by national statistics agencies, which typically include a representative sample of households across Italy. The calculation involves assessing the number of unemployed individuals actively seeking work relative to the total labor force, utilizing guidelines and methodologies aligned with international standards.
Description
Preliminary unemployment figures may be based on early survey estimates and can be subject to adjustments, while final reports provide a more accurate reflection of the labor market but are released at a later date. The month-over-month or year-over-year comparisons may also be included to highlight short-term shifts or longer-term trends, respectively, with traders particularly focused on year-over-year changes to assess structural economic conditions.
Additional Notes
The unemployment rate is often seen as a lagging economic indicator, reflecting economic conditions after changes have occurred. It closely relates to other metrics, such as GDP growth rates and consumer confidence indices, giving insights into the broader economic landscape within Italy and its impact on regional or global markets.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for EUR, Bullish for Stocks. Lower than expected: Bearish for EUR, Bearish for Stocks. A dovish tone: Signaling lower interest rates or economic support, is usually good for the EUR but bad for Stocks due to potentially lower future earnings.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
6%
6%
5.9%
5.9%
6.3%
6.2%
-0.4%
6.3%
6.2%
6.4%
0.1%
6.2%
5.7%
5.7%
0.5%
5.7%
6%
5.8%
-0.3%
5.8%
6.1%
6%
-0.3%
6.1%
6.2%
6.1%
-0.1%
6.2%
6.6%
6.4%
-0.4%
6.5%
7%
6.9%
-0.5%
7%
6.8%
6.9%
0.2%
6.8%
6.9%
6.8%
-0.1%
6.9%
7.2%
7.2%
-0.3%
7.2%
7.5%
7.4%
-0.3%
7.5%
7.2%
7.3%
0.3%
7.2%
7.2%
7.2%
7.2%
7.6%
7.4%
-0.4%
7.5%
7.9%
7.7%
-0.4%
7.8%
7.5%
7.6%
0.3%
7.4%
7.4%
7.3%
7.3%
7.7%
7.5%
-0.4%
7.6%
7.4%
7.5%
0.2%
7.4%
7.7%
7.5%
-0.3%
7.6%
7.9%
7.8%
-0.3%
7.8%
7.8%
7.9%
7.8%
8%
7.9%
-0.2%
8%
8%
8%
7.9%
7.8%
7.8%
0.1%
7.8%
7.8%
7.8%
7.8%
7.8%
7.9%
7.8%
8%
7.9%
-0.2%
7.9%
7.8%
7.9%
0.1%
7.8%
7.9%
7.9%
-0.1%
7.9%
8.1%
8%
-0.2%
8.1%
8.1%
8.2%
8.1%
8.4%
8.3%
-0.3%
8.4%
8.3%
8.4%
0.1%
8.3%
8.4%
8.5%
-0.1%
8.5%
8.7%
8.6%
-0.2%
8.8%
9%
9%
-0.2%
9%
9.2%
9.1%
-0.2%
9.2%
9.3%
9.4%
-0.1%
9.4%
9.1%
9.2%
0.3%
9.2%
9.2%
9.3%
9.3%
9.2%
9.3%
0.1%
9.3%
9.7%
9.4%
-0.4%
9.7%
10.4%
10.2%
-0.7%
10.5%
10.8%
10.7%
-0.3%
10.7%
10.1%
10.4%
0.6%
10.1%
10.3%
10.2%
-0.2%
10.3%
9.1%
9.8%
1.2%
10.2%
9%
10.3%
1.2%
9%
8.8%
8.8%
0.2%
8.9%
10.2%
9.5%
-1.3%
9.8%
9.9%
9.7%
-0.1%
9.6%
10.1%
9.7%
-0.5%
9.7%
10.1%
9.8%
-0.4%
9.7%
9.1%
9.3%
0.6%
8.8%
8.6%
8.3%
0.2%
7.8%
7.7%
6.6%
0.1%
6.3%
9.5%
8%
-3.2%
8.4%
10.5%
9.3%
-2.1%
9.7%
10%
9.8%
-0.3%
9.8%
9.8%
9.8%
9.8%
9.7%
9.8%
0.1%
9.7%
9.8%
9.7%
-0.1%
9.7%
9.8%
9.9%
-0.1%
9.9%
9.6%
9.6%
0.3%
9.5%
9.9%
9.8%
-0.4%
9.9%
9.6%
9.8%
0.3%
9.7%
10%
9.8%
-0.3%
9.9%
10.3%
10.1%
-0.4%
10.2%
10.3%
10.2%
-0.1%
10.2%
10.7%
10.5%
-0.5%
10.7%
10.5%
10.5%
0.2%
10.5%
10.4%
10.4%
0.1%
10.3%
10.6%
10.5%
-0.3%
10.5%
10.1%
10.6%
0.4%
10.6%
10.1%
10.3%
0.5%
10.1%
9.9%
9.8%
0.2%
9.7%
10.5%
10.2%
-0.8%
10.4%
10.8%
10.8%
-0.4%
10.9%
10.8%
10.7%
0.1%
10.7%
11.1%
11%
-0.4%
11.2%
10.9%
11.1%
0.3%
11%
10.9%
11%
0.1%
10.9%
11%
11.1%
-0.1%
11.1%
10.8%
10.9%
0.3%
10.8%
10.9%
10.9%
-0.1%
11%
11%
11.1%
11.1%
11.1%
11.1%
11.1%
11.1%
11.1%
11.2%
11.2%
11.3%
11.3%
11.1%
11.2%
0.2%
11.1%
11.3%
11.3%
-0.2%
11.3%
11%
11.2%
0.3%
11.1%
11.6%
11.5%
-0.5%
11.7%
11.5%
11.5%
0.2%
11.5%
11.9%
11.8%
-0.4%
11.9%
12%
11.9%
-0.1%
12%
11.8%
12%
0.2%
11.9%
11.6%
11.8%
0.3%
11.6%
11.6%
11.7%
11.7%
11.4%
11.5%
0.3%
11.4%
11.4%
11.4%
11.4%
11.6%
11.6%
-0.2%
11.6%
11.4%
11.5%
0.2%
11.5%
11.6%
11.6%
-0.1%
11.7%
11.4%
11.5%
0.3%
11.4%
11.7%
11.6%
-0.3%
11.7%
11.5%
11.6%
0.2%
11.5%
11.4%
11.6%
0.1%
11.4%
11.2%
11.4%
0.2%
11.3%
11.5%
11.5%
-0.2%
11.5%
11.7%
11.5%
-0.2%
11.8%
11.9%
11.9%
-0.1%
11.9%
11.9%
12%
12%
12.6%
12.5%
-0.6%
12.7%
12.3%
12.5%
0.4%
12.4%
12.3%
12.4%
0.1%
12.4%
12.8%
12.6%
-0.4%