By Giada Zampano
ROME--Italy's unemployment rate slowed in February to 11.6% after hitting an all-time high of 11.7% a month earlier, Istat provisional data showed Tuesday.
The country's jobless rate, however, was 1.5 percentage points higher compared with the same month a year earlier.
Italy's unemployment fell to 2.971 million in February, down 0.9% compared with January, and the employment rate rose to 56.4% from 56.3% a month earlier.
Older workers in the euro-zone's third-largest economy are keeping their jobs for longer due to tightened pension rules, leaving younger workers struggling to find jobs.
The jobless rate for those aged 15 to 24 fell to 37.8% in February, 0.8 percentage points lower than January, but 3.9 points higher than a year earlier.
Write to Giada Zampano at giada.zampano@dowjones.com
ROME--Italy's unemployment rate slowed in February to 11.6% after hitting an all-time high of 11.7% a month earlier, Istat provisional data showed Tuesday.
The country's jobless rate, however, was 1.5 percentage points higher compared with the same month a year earlier.
Italy's unemployment fell to 2.971 million in February, down 0.9% compared with January, and the employment rate rose to 56.4% from 56.3% a month earlier.
Older workers in the euro-zone's third-largest economy are keeping their jobs for longer due to tightened pension rules, leaving younger workers struggling to find jobs.
The jobless rate for those aged 15 to 24 fell to 37.8% in February, 0.8 percentage points lower than January, but 3.9 points higher than a year earlier.
Write to Giada Zampano at giada.zampano@dowjones.com
