During the first quarter of 2017 Italian economy recorded a quarter-on-quarter increase of Gdp by 0.4% and a year-on-year growth by 1.2%. In the Euro area as a whole economy grew by 0.5% to the previous quarter and by 1.7% to the same quarter of 2016. Signs of speeding up in the economic activity growth, particularly in many services sectors, were associated to the labour absorption by an expanding production system: the total hours worked grew by 0.3% to the previous quarter and by 0.8% on an annual basis.<\/p>\n
On the labour supply side, employment showed a growth on a short term basis (+52 thousand, 0.2%), due to a further increase of employees (+78 thousand, +0.4%) \u2013 mainly the fixed-term (+51 thousand, 2.1%) \u2013 while the self-employed decreased again (-26 thousand, -0.5%). The employment rate grew by 0.2 points to the previous quarter. The most recent data,\u00a0 the seasonally adjusted monthly ones for April 2017, showed a relevant increase in
\nemployed persons (+0.4% on March, corresponding to +94 thousand people), involving both employees and the self-employed.<\/p>\n
The dynamics between the first quarter 2017 and the same period of the previous year led to an increase of 326 thousand employed persons (+1.5%)\u00a0 involving employees only, of which two third belonged to the fixed-term group, while the self-employed decreased. In absolute terms the increase was mainly related to full-time employees, and part-time employment increased exclusively in the voluntary component. Employment growth involved both genders and all geographical areas, including also the aged 15-34 and 50 and over.<\/p>\n
Unemployment rate decreased by 0.2 percentage points to the previous quarter, with a reduction of 49 thousand unemployed on a short-term basis, while the indicator remained stable on\u00a0 a yearly basis. These trends were reinforced by April\u2019s results, that showed a relevant decrease in the unemployed number.<\/p>\n
The number of the inactive aged 15-64 (-473
\nthousand in a year) kept on decreasing as well as the corresponding inactivity rate. In the year-on-year comparison inactivity reduction was spread over gender, territory and age class, it involved both persons willing to work (-291 thousand potential labour forces) and those farther from the labour market (-183 thousand persons not seeking and not available for work).<\/p>\n
Changes in stock evidenced significant changes in the labour market condition of persons, as measured by flow data over a twelve-month period. Permanence in employment increased as a whole (+0.4 points) but the transitions from fixed-term to permanent employee decreased (from 24.2% to 19.6%). Moreover the transitions from inactivity towards unemployment (+0.9 points) and to a lesser extent towards employment (+0.4 points) increased.<\/p>\n
As for enterprises, the signs of growth in labour demand were confirmed with an increase of employee jobs by 0.6% to the previous quarter, as a result of a rise in both industry and services. However
\nthe hours worked per employee decreased (-0.6%), though the use of short-time working allowance hours decreased as well. Vacancy rate remained unchanged on a quarter-on-quarter basis, while increased by 0.2 percentage points year-on-year. On a quarter-on-quarter basis wages and salaries increased (+0.5%) as well as labour cost (0.6%). A part of the latter was due to the larger rise in social security contributions (+1.2%), due to the gradual weakening of the effects of the favorable contributions associated to new hiring of permanent employees during the past two years.<\/p>\n","protected":false},"excerpt":{"rendered":"
During the first quarter of 2017 Italian economy recorded a quarter-on-quarter increase of Gdp by 0.4% and a year-on-year growth by 1.2%. In the Euro […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4082],"tags":[3353,3296,3713,3595,3301,3196,3229,3686,3140,3297,2968,3208,3323],"regione":[],"tema":[4067,4071,4068],"class_list":["post-22362","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-earnings","tag-employed","tag-quarterly-employment-and-unemployment","tag-enterprises-labour","tag-hours-worked","tag-labour-cost","tag-labour-market","tag-number-of-jobs","tag-redundancy-funds","tag-social-contributions","tag-flash","tag-unemployed","tag-vacancies","tema-industry-and-construction","tema-labour","tema-services"],"meta_fields":{"data_pubblicazione":"20170609","descrizioneperiodo":"First quarter 2017","titolobreve":"Labour market","news":"In Q1 2017 the labour market keeps improving","news_rss":"During the first quarter of 2017 Italian economy recorded a quarter-on-quarter increase of Gdp by 0.4% and a year-on-year growth by 1.2%. As for enterprises, the signs of growth in labour demand were confirmed with an increase of employee jobs by 0.6% to the previous quarter, as a result of a rise in both industry and services.","sottotitolo":""},"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"tags-info":[{"id":3353,"label":"earnings","slug":"earnings"},{"id":3296,"label":"employed","slug":"employed"},{"id":3713,"label":"employment and unemployment (quarterly)","slug":"quarterly-employment-and-unemployment"},{"id":3595,"label":"enterprises labour","slug":"enterprises-labour"},{"id":3301,"label":"hours worked","slug":"hours-worked"},{"id":3196,"label":"labour cost","slug":"labour-cost"},{"id":3229,"label":"labour market","slug":"labour-market"},{"id":3686,"label":"number of jobs","slug":"number-of-jobs"},{"id":3140,"label":"redundancy funds","slug":"redundancy-funds"},{"id":3297,"label":"social security contributions","slug":"social-contributions"},{"id":2968,"label":"statistics flash","slug":"flash"},{"id":3208,"label":"unemployed","slug":"unemployed"},{"id":3323,"label":"vacancies","slug":"vacancies"}],"categories-info":[{"id":4082,"label":"Press release","slug":"press-release"}],"_links":{"self":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/22362","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=22362"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/22362\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=22362"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=22362"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=22362"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=22362"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=22362"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}