{"id":38677,"date":"2013-05-31T05:38:44","date_gmt":"2013-05-31T09:38:44","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=38677"},"modified":"2013-05-31T05:38:44","modified_gmt":"2013-05-31T09:38:44","slug":"italys-unemployment-rate-reaches-all-time-high","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/31\/italys-unemployment-rate-reaches-all-time-high\/","title":{"rendered":"Italy\u2019s unemployment rate reaches all-time high"},"content":{"rendered":"<p><strong>By <u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong> <\/p>\n<p>The unemployment rate in Italy reached an unexpected all-time high in the first quarter, according to the National institute of statistics reports released on Friday. Increased from the previous quarter of 11.4%, unemployment rate stood to an unexpected 11.9% as it picked up to 12.0% in April month-on-month.<\/p>\n<p>Joblessness (ITMUURS) increased by 12 percent after March reading was revised up from 11.5 percent to 11.9 percent\u00a0 ,according to reports from the \u00a0national statistics office lstat.<span id=\"more-1925\"><\/span><\/p>\n<p>Italy\u2019s recession will continue through the year and the economy will contract 1.8 percent in 2013 as the effects of the economic tightening and credit conditions will hold down the economic activity, the Organistation for Economic Co-operation and Development (OECD) .<\/p>\n<p>Employment rate are expected to fall, as cutting household budgets and spending. According to OECD, part of the cause of the quick rise of the unemployment rate back in 2012, was due to the increase in the labor force.<\/p>\n<p>Last year, Italy\u2019s gross domestic product (GDP) went down by 2.4 percent and the European Commission (EC) expects the economy should contract 1.3 this year. \u00a0Public debt-to-GDP ratio is expected to reach 132.2% of GDP by 2014, EC data also showed.<\/p>\n<p>Italy\u2019s Prime Minister Enrico Letta said that employment will be the top priority of his government. The unemployment rate between the age range of 15 to 24 rose to 40.5 percent in April.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>The post <a href=\"http:\/\/blog.hymarkets.com\/euro\/italys-unemployment-rate-reaches-all-time-high.html\">Italy\u2019s unemployment rate reaches all-time high<\/a> appeared first on <a href=\"http:\/\/blog.hymarkets.com\">| HY Markets Official blog<\/a>.<\/p>\n<p> Article provided by <strong><u><a href=\"http:\/\/blog.hymarkets.com\/\" target=\"_blank\">HY Markets Forex Blog<\/a><\/u><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By HY Markets Forex Blog The unemployment rate in Italy reached an unexpected all-time high in the first quarter, according to the National institute of statistics reports released on Friday. Increased from the previous quarter of 11.4%, unemployment rate stood to an unexpected 11.9% as it picked up to 12.0% in April month-on-month. Joblessness (ITMUURS) &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/forex-news\/2013\/05\/31\/italys-unemployment-rate-reaches-all-time-high\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Italy\u2019s unemployment rate reaches all-time high&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-38677","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38677","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/comments?post=38677"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/posts\/38677\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/media?parent=38677"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/categories?post=38677"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex-news\/wp-json\/wp\/v2\/tags?post=38677"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}