UNEMPLOYMENT IN ITALY
consumption, Confcommercio: Shooting in 2012 due to a higher GDP, employment
ROME (Reuters) - The resumption of Italian consumption (+1.6%) will come only in 2012, after a modest 0.4% in 2010 and a decrease of 2.1% in 2008-2009 to levels of ten years ago. For a new recovery in consumption will require an appreciable return to growth in GDP and employment.
And 'what emerges from the "Value Raw 2010" conducted by the Research Department of Confcommercio.
"With an average annual reduction of 2.1% in 2008-2009, per capita consumption back to levels of ten years ago ... In aggregate after a modest 0.4% in 2010 in terms of consumption growth in 2011 should complete healing the economy and consumer confidence (+0.9% less in real terms). The real recovery in consumption is placed only in 2012 (+1.6% ), when he should actually become appreciable a growth phase, at least in line with the dynamics experienced before 2007, "the report says.
employment trends will be crucial:" The modest recovery has not yet sent to the labor market (although national data are the result of employment growth in the north-center offset by a continuing hemorrhage of jobs in the South). Without a more difficult job you will see a rising curve in real expenditure on consumption. And without consumption there will be hardly a solid recovery.
According to Istat, in November 2010 the employment rate has remained broadly stable (+0.1% compared to October) to 56.8%, and decreased by 0.2% on year. The unemployment rate is 8, 7%, up from the beginning of 2004. Confcommercio explains that "the Italian families, despite the ongoing crisis and the drop in disposable income, have proved viable and responsive: less waste, more attention to value for money and draw on savings shares. Among the items of consumption in 2008-2009, down the holiday spending (-3.2%), meals at home and outside home (-3.2%), mobility and communications (-3.1 %), clothing (-3.1%), in contrast, keep their health care expenses (+2.5%) and home appliances and IT (+2.4%) and those for goods and services for telephony (+0.4%). And, in the analysis of long-term (from 1992 to projections for 2012), an increase of five times the spending on goods and services for telecommunications than for mobility.
Italy, unemployment in November to 8.7%, max from the beginning of 2004
ROME (Reuters) - seasonally adjusted unemployment in November in the preliminary data was 8, 7%, stable since the 8.7% (in October, revised upwards in December last year than the first transmission of 8.6%), and is given the highest since early 2004.
The Istat said.
The number of persons employed in November 2010 (seasonally adjusted) is an increase compared to October of 0.2% and 0.1% compared to November 2009. The employment rate of 56.8% was up by 0.1 percentage points from October and a decrease of 0.2 percentage points over the same period last year.
The number of people seeking employment is down 0.4% since October and up 5.3% compared to November 2009. Compared to November 2009, the unemployment rate is an increase of 0.4 percentage points. The youth unemployment rate is 28,9%, an increase of 0.9 percentage points over the previous month and 2.4 percentage points compared to November 2009.
In November 2010 the number of inactive aged between 15 and 64 years increased by 0.1% compared to October and by 0.6% over the same month last year. The inactivity rate, 37.8%, is unchanged from the previous month and up by 0.1 percentage points compared to November 2009.
The Istat said.
The number of persons employed in November 2010 (seasonally adjusted) is an increase compared to October of 0.2% and 0.1% compared to November 2009. The employment rate of 56.8% was up by 0.1 percentage points from October and a decrease of 0.2 percentage points over the same period last year.
The number of people seeking employment is down 0.4% since October and up 5.3% compared to November 2009. Compared to November 2009, the unemployment rate is an increase of 0.4 percentage points. The youth unemployment rate is 28,9%, an increase of 0.9 percentage points over the previous month and 2.4 percentage points compared to November 2009.
In November 2010 the number of inactive aged between 15 and 64 years increased by 0.1% compared to October and by 0.6% over the same month last year. The inactivity rate, 37.8%, is unchanged from the previous month and up by 0.1 percentage points compared to November 2009.
The unemployed increase again in Italy: 2.1 million records
rate to 8, 5% . Young people most affected. Sacconi: "2010 will be difficult and complex '
Employees pay a price always higher the economic crisis. The unemployed, in fact, increase again and are now well over 2 million fee, with the unemployment rate rose to 8 December, 5%
The impact of the recession in the labor market is all in the figures disseminated by the synthetic 'Institute of Statistics. In December, the number of people seeking work has reached 2,138,000, an increase of 2.7% in November (+57 thousand) and 22.4% in comparison with the year before (+392 thousand). The unemployment rate then jumped to 8, 5 8%, 3% in November, reaching its maximum value at least since January 2004, the beginning of the series.
rate to 8, 5% . Young people most affected. Sacconi: "2010 will be difficult and complex '
Employees pay a price always higher the economic crisis. The unemployed, in fact, increase again and are now well over 2 million fee, with the unemployment rate rose to 8 December, 5%
The impact of the recession in the labor market is all in the figures disseminated by the synthetic 'Institute of Statistics. In December, the number of people seeking work has reached 2,138,000, an increase of 2.7% in November (+57 thousand) and 22.4% in comparison with the year before (+392 thousand). The unemployment rate then jumped to 8, 5 8%, 3% in November, reaching its maximum value at least since January 2004, the beginning of the series.
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