Italy August unemployment rate 11.2% as expected

Italy August unemployment rate data now out 2 Oct

  • 11.3% prev
  • 36k new jobs created
  • 3mth-Aug 113k new jobs created vs March-May
  • youth unemployment (15-24yr olds) down to 35.1% vs 35.4%, lowest level since April

Always a welcome improvement to see jobless figures coming down however gradual.

EURUSD struggling to rally and still around 1.1740 while EURGBP nudges higher again to test 0.8810-15 and capping cable to send it to new session lows of 1.3322

Italy unemployment mm

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