In the third quarter of 2019, labour input in hours worked, increased both on a quarterly basis (+0.4%) and in trend terms (+0.5%). Employment remained almost unchanged compared with the previous quarter, in a context of falling unemployment and inactivity. These labour market dynamics are part of a phase of quasi-stagnation of economic activity confirmed, in the last quarter, by a 0.1 economic change in GDP.<\/p>\n
On the labor supply side, in the third quarter of 2019 the number of people employed remained substantially unchanged in trend terms, as a result of an increase in employees – especially fixed-term employees – and the fall in the self-employed. The employment rate rose to 59.2% (+0.1 points). In the most recent monthly data (October 2019), net of seasonal effect, the employment rate and the number of employees showed an increase over the previous month.<\/p>\n
The year-on-year trend showed a constant growth in the number of employed persons (+ 0.6%, +151 thousand in one year), especially of permanent employees, against a decline in fixed-term and self-employed persons; the ratio of fixed-term employees to total employees dropped to 17.6% (-0.3 points in a year). After the slowdown in growth over the last three quarters, full-time employees began to decline again, while the increase in part-time employement continued; the ratio of involuntary part-time to total part-time workers was stable at 64.0%. In the third quarter of 2019, employment and the related rate strated growing again among young people aged 15-34 years, both in trend and economic terms.<\/p>\n
In the trend comparison, the number of unemployed continued to decline, albeit at a slower pace, for the tenth consecutive quarter (-61 thousand in one year, -2.5%), involving only individuals looking for their first job against a slight increase in the number of people with a previous work experience. After the increase in the last quarter, the number of inactive people aged 15-64 began to decrease again (-199 thousand in one year, -1.5%).<\/p>\n
The unemployment rate decreased both compared to the previous quarter and to the previous year; this trend was accompanied by short term stability and a downward trend in the inactivity rate of people aged 15-64. In the monthly data for October 2019, the unemployment rate decreased compared to September 2019, and that of inactivity showed a slight increase.<\/p>\n
In the flow data – after 12 months – permanence in employment increased, especially among women, and mostly among young people aged 15-34. Among fixed-term employees, a longerpermanence in employment wasdue to the considerable increase intransitions to permanent contracts (+9.5 points).<\/p>\n
On the business side, the growth in labour demand continued, with a 0.5% increase in employee jobs over the previous quarter (+1.6% on an annual basis), resulting from the growth in both industry and services. Besides the increase in employee jobs, there was an increase of hours worked per employee on a quarterly basis (0.2%) and a decrease year-over-year (-0.4%). In addition, the use of short-time working allowances grew up. The job vacancy rate remained unchanged compared with both the previous quarter and the same quarter of the previous year. Labour cost increased by 0.1% compared to the previous quarter and by 1.8% compared to the same quarter of the previous year, as a result of an increase in wages by 0.1% over the previous quarter and by 1.4% on an annual basis, and a decrease in social security contributions by 0.1% on a quarterly basis, accompanied by a 3% increase on an annual basis.<\/p>\n","protected":false},"excerpt":{"rendered":"
In the third quarter of 2019, labour input in hours worked, increased both on a quarterly basis (+0.4%) and in trend terms (+0.5%). Employment remained […]<\/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":[3353,3296,3595,3301,3495,3196,3229,3686,3140,3297,2968,3208,3323],"regione":[],"tema":[4067,4071,4068],"class_list":["post-24605","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-earnings","tag-employed","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":"20191212","descrizioneperiodo":"Q3 2019","titolobreve":"Labour market","news":"In the Q3 2019 stable employment compared with the last three months","news_rss":"In the third quarter of 2019, labour input in hours worked, increased both on a quarterly basis (+0.4%) and in trend terms (+0.5%). Employment remained almost unchanged compared with the previous quarter, in a context of falling unemployment and inactivity. These labour market dynamics are part of a phase of quasi-stagnation of economic activity confirmed, in the last quarter, by a 0.1 economic change in GDP.","sottotitolo":""},"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"tags-info":[{"id":3353,"label":"earnings","slug":"earnings"},{"id":3296,"label":"employed","slug":"employed"},{"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\/24605","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=24605"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/24605\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=24605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=24605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=24605"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=24605"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=24605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}