Italy Loses Almost One Million Jobs In A Year To The Coronavirus Crisis

In coronavirus-stricken Italy, almost one million people lost their jobs over the course of a year, official data showed on Tuesday, fuelling fresh concerns about the cost of the pandemic.

In February, the number of employed people stood at just under 22.2 million, broadly stable from January, but down by 945,000 compared with February 2020, national statistics office Istat said.

The labour market slump was widespread, affecting male and female workers, salaried workers and the self-employed, and “all age groups”, it said.

Over the same period, the unemployment rate rose slightly, from 9.8 percent to 10.2 per cent, but the ranks of those out of work and not looking for a job swelled dramatically. Read more…..


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