ROME (ITALPRESS) – In the second quarter of 2024, labor input, as measured by hours worked, decreased -0.2 percent from the previous quarter and increased 1.6 percent from the second quarter of 2023. During the same period, GDP recorded a
growth in both cyclical (+0.2 percent) and trend (+0.9 percent) terms. This is according to Istat data on the labor market. Employment increased in cyclical terms by 124,000 (+0.5 percent compared to the first quarter of 2024), following
the growth of permanent employees (+141 thousand, +0.9 percent) and the self-employed (+38 thousand, +0.7 percent), which more than offset the decrease in fixed-term employees (-55 thousand, -1.9 percent); the number of unemployed falls (-84 thousand, -4.6 percent in three
months) and the number of inactive 15-64 year olds increased (+32 thousand, +0.3%). Similar dynamics for the rates: the employment rate reaches 62.2 percent (+0.2 points), the unemployment rate falls to 6.8 percent (-0.3 points) and the inactivity rate 15-64 years old is stable at 33.1 percent. In the provisional data for July, compared with the previous month, there is an increase in the number of employed people (+56 thousand, +0.2%) and the related rate (+0.1 points), which is associated with a decrease in the unemployment rate (-0.4 points) and growth in the inactivity rate 15-64 years (+0.2 points).
– Photo Agency Photogram –
