In the second quarter of 2017 Italian economy recorded a quarter-on-quarter 0.4% increase of Gdp and a year-on-year 1.5% growth. Overall, in the Euro area economy grew by 0.6% over the previous quarter and by 2.2% over the same quarter of 2016. Signs of consolidation in the economic activity growth, particularly in the industry (excl. constructions) and services sectors, were associated to the labour absorption by a production system that continued to expand in line with Gdp trends: the total hours worked grew by 0.5% to the previous quarter and by 1.4% on an annual basis, thus confirming the high employment intensity of the ongoing recovery.<\/p>\n
On the labour supply side, in the second quarter of 2017, employment showed a new growth on a quarter-on-quarter basis (+78 thousand, 0.3%), due to a further increase of employees (+149 thousand, +0.9%) \u2013 in more than 8 out of 10 cases – with a fixed-term contract (+123 thousand, +4.8%). The self-
\nemployed continued to decrease (-71 thousand, -1.3%). The employment rate grew by 0.2 points to the previous quarter. Most recent data, the seasonally adjusted ones for July 2017, showed an increase in employed persons (+0.3% on June, corresponding to +59 thousand units), involving both employees and the self-employed.<\/p>\n
The dynamics between the second quarter 2017 and the same period of the previous year led to an increase of 153 thousand employed persons (+0.7%) involving employees only (+356 thousand, +2.1%), more than three third of which with a fixed-term contract, while the self-employed showed a significant decrease (-3.6%). The increase in absolute terms was more substantial for full-time employees, and part-time employment increased mostly in the voluntary component. Employment growth involved both genders and all geographical areas, and was more evident among women and in the North area.<\/p>\n
Unemployment rate decreased by 0.4 percentage points to the previous quarter and by 0.6 percentage
\npoints year-over-year, especially among the young. In July 2017, the unemployment rate grew by 0.2 points while the inactivity rate (15-64 years) dropped by 0.3 points<\/p>\n
In the year-on-year comparison, the reduction in the number of the inactive aged 15-64 (-76 thousand in a year) and the corresponding inactivity rate (-0.1 points) slowed down over the last quarters. Inactivity reduction involved only women, especially in the South and islands, people aged 35-49, and persons willing to work.<\/p>\n
Changes in stock suggested significant changes in people’s conditions in the labour market, as measured by flow data over a twelve-month period. Overall, transitions from fixed-term to permanent employee continued to decrease (from 24.3% to 16.5%). While total transitions from unemployment to employment declined (-3.1 points), flows from unemployment to fixed term employment increased (+0.9 points). As regards the inactive, among potential labour forces the largest increase was recorded in the percentage of
\ntransitions towards unemployment (from 18.5% to 21.3% over the last twelve months).<\/p>\n
As for enterprises, the signs of growth in labour demand were confirmed, with a 1.1% increase in employee jobs over the previous quarter, as a result of a rise in both industry and services. Hours worked per employee increased over the previous quarter (+0.2%), while they decreased on a yearly basis (-0.7%), even if the short-time working allowance hours continued to decrease. The vacancy rate increased by 0.1 percentage points on the previous quarter. On a quarterly basis, wages and salaries decreased (-0.1%) as well as social contributions (-0.5%).<\/p>\n","protected":false},"excerpt":{"rendered":"
In the second quarter of 2017 Italian economy recorded a quarter-on-quarter 0.4% increase of Gdp and a year-on-year 1.5% growth. Overall, in the Euro area […]<\/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":[3353,3296,3713,3595,3301,3495,3196,3229,3686,3140,3297,2968,3208,3323],"regione":[],"tema":[4067,4071,4068],"class_list":["post-22533","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","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":"20170912","descrizioneperiodo":"Second quarter 2017","titolobreve":"Labour market","news":"In the second quarter of 2017 employment showed a new growth and unemployment rate decreased","news_rss":"On the labour supply side, in the second quarter of 2017, employment showed a new growth on a quarter-on-quarter basis (+78 thousand, 0.3%), due to a further increase of employees (+149 thousand, +0.9%) \u2013 in more than 8 out of 10 cases - with a fixed-term contract (+123 thousand, +4.8%). Unemployment rate decreased by 0.4 percentage points to the previous quarter and by 0.6 percentage points year-over-year, especially among the young. In July 2017, the unemployment rate grew by 0.2 points while the inactivity rate (15-64 years) dropped by 0.3 points.","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":3495,"label":"labour","slug":"labour"},{"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\/22533","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=22533"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/22533\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=22533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=22533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=22533"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=22533"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=22533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}