Italian unemployment jumps to 13.2%

Source: Bloomberg
© Scanpix/RS
Italian unemployment rate grew a third month in a row, reaching a level of 13.2% for the month of October against a forecast of 12.6%. Meanwhile, Matteo Renzi, Italian Prime Minister, is struggling to solve the problem of high unemployment by implementing reforms to make the labour market less rigid than it currently is. However, the official is facing strong opposition from the labour unions and other politicians, which is likely to postpone realisation of the needed changes.

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