{"id":89691,"date":"2025-03-13T10:00:00","date_gmt":"2025-03-13T09:00:00","guid":{"rendered":"https:\/\/www.istat.it\/?p=89691"},"modified":"2025-03-13T10:44:19","modified_gmt":"2025-03-13T09:44:19","slug":"labour-market-q4-2024","status":"publish","type":"post","link":"https:\/\/www.istat.it\/en\/press-release\/labour-market-q4-2024\/","title":{"rendered":"Labour market &#8211; Q4 2024"},"content":{"rendered":"\n<p>The labour input, as measured by hours worked, increases compared both to the previous quarter (+0.2%) and to the fourth quarter of 2023 (+0.5%). In the same period GDP increased by 0.1 quarter-on-quarter and by 0.6% year-on-year.<\/p>\n\n\n\n<p>Compared to the third quarter of 2024, the number of employed people remains broadly stable due to the increase of permanent employees (+118 thousand units, +0.7%), which offsets the decrease of fixed-term employees (-86 thousand, -3.1%) and self-employed (-36 thousand, -0.7%). The number of unemployed decreases (-36 thousand, -2.3%) while inactive people aged 15-64 rise (+46 thousand, +0.4%). The trend is similar for rates: the employment rate remains stable at 62.4%, the unemployment rate declines to 6.1% (-0.1 points) and the inactivity rate for people aged 15-64 increases to 33.5% (+0.1 points). In the provisional data for the month of January 2025, compared to the previous month, the growth in the number of employed persons (+145 thousand, +0.6 %) and in the related rate (+0.4 points) pair off the decrease in unemployment and inactivity 15-64 years rates (-0.1 and -0.4 points, respectively).<\/p>\n\n\n\n<p>Compared to the fourth quarter of 2023, the growth in the number of employed slows down (+170 thousand, +0.7%), also in this case involving permanent employees (+3.1%) as opposed to the decrease in fixed-term employees (-10.0%) and self-employed (-0.4%). The decline in the number of unemployed continues (-397 thousand in one year, -20.5%), as does the increase in the number of inactive persons aged 15-64 (+387 thousand, +3.2%). This trend is reflected in the rise in the employment rate (+0.2 points in one year), the fall in the unemployment rate (-1.5 points) and the rise in the inactivity rate (+0.9 points).<\/p>\n\n\n\n<p>On the enterprise side, on a quarterly basis, total employee jobs grow slightly, by 0.4% in total and in both its components, full-time and part-time. On an annual basis, employee jobs increase by 1.9% in total, equal to 2% in the part-time component and 1.8% in the full-time.<\/p>\n\n\n\n<p>The hours worked per employee show an increase on a quarterly basis (+0.4%) while decreasing on annual basis (-1.0%). The use of short-time working allowances increases to 9.5 hours per 1,000 hours worked (+1.8 hours per 1,000 hours worked with respect to the fourth quarter 2023). The job vacancy rate increases compared to previous quarter (+0.1 percentage points) and decreases with respect to the same quarter of the previous year (-0.2 percentage points).<\/p>\n\n\n\n<p>On a quarterly basis, total labour cost increases as wages by 0.2%; for social contributions the growth is equal to 0.1%. Compared to the fourth quarter of 2023, the increase of labour cost is more signficant, equal to 3.2%, due to a relevant increase in both wages (+3.1%) and in social contributions (+3.5%).<\/p>\n\n\n\n<p>In the average of 2024, the growth in the number of employed (+352 thousand, +1.5%) is associated with a reduction in the number of unemployed (-283 thousand, -14.6%) and an increase in the number of inactive people aged 15-64 (+56 thousand, +0.5%). The employment rate of the 15-64 age group rises to 62.2% (+0.7 percentage points in one year), the unemployment rate falls to 6.5% (-1.1 percentage points) and the inactivity rate reaches 33,4% (+0.1 points).This evidence is also confirmed by the dynamics of labour input variables: the growth of jobs (+2.3%) and of total hours worked (+2.8%), as well as the decrease in the use of short-time working allowance hours (-0.4 each 1,000 hours worked).Total labour cost increases signficantly (+3.4%) mainly due to some National Contracts\u2019 renewals.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Q4 2024 employed remain broadly stable compared to Q3<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4082],"tags":[3353,3296,3467,3301,3495,3196,3229,3686,3140,3297,2968,3208,3323],"regione":[],"tema":[4067,4071,4068],"class_list":["post-89691","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-earnings","tag-employed","tag-enterprises","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":"","descrizioneperiodo":"","titolobreve":"","news":"","news_rss":"","sottotitolo":""},"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"tags-info":[{"id":3353,"label":"earnings","slug":"earnings"},{"id":3296,"label":"employed","slug":"employed"},{"id":3467,"label":"enterprises","slug":"enterprises"},{"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\/89691","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=89691"}],"version-history":[{"count":7,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/89691\/revisions"}],"predecessor-version":[{"id":89766,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/89691\/revisions\/89766"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=89691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=89691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=89691"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=89691"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=89691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}