Italy's jobless rate drops modestly in February

Unemployment in Italy decreased modestly in the month of February with the jobless rate falling on a sequential basis by 0.1% from 11.7% in January to 11.6% the month before, a report released by the statistical office Istat showed on Tuesday. The jobless rate among people between the age of 15 and 24 was 37.8% in February compared to 38.6% in the prior month.