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Investing.com -- Italy’s unemployment rate increased to 6.5% in May from an upwardly revised 6.1% in April, according to data released Wednesday by national statistics bureau ISTAT.
The May jobless rate came in higher than the 6.0% forecast by analysts in a survey.
Despite the rising unemployment rate, the Italian economy added a net 80,000 jobs during May.
ISTAT explained that the jump in the unemployment rate occurred because a large number of previously inactive people entered the labor market to look for work.
The youth unemployment rate, which measures job-seekers between 15 and 24 years old, also increased in May, rising to 21.6% from 19.9% in April.
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