TSX higher on employment data
Investing.com -- Italy’s unemployment rate decreased to 6.0% in July from a downwardly revised 6.2% in June, according to data released Monday by national statistics bureau ISTAT.
The July figure came in below analyst expectations, as a Reuters survey had forecast a jobless rate of 6.3%.
The Italian economy added a net 13,000 jobs during July, contributing to the decline in the overall unemployment rate.
Youth unemployment, which measures job-seekers between 15 and 24 years old, also showed improvement, falling to 18.7% in July from 20.1% in June.
ISTAT reported that employment in the euro zone’s third-largest economy grew by 51,000 jobs, or 0.2%, during the May-July period compared to the previous three months.
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