Istat: in May Employment Increased (+ 0.2%) Unemployment at 10.5%

I n Italy Compared to February 2020, the month prior to the start of the pandemic, the number of employees, however, is less than 700 thousand units.

Positive signs on the employment front. According to data released by Istat, compared to April, in May 2021 there was an increase in employed persons of 0.2%, equal to + 36 thousand units, while the unemployment rate fell to 10.5% (-0, 1 points). Compared to February 2020, however, the month prior to the start of the pandemic, the number of employees is still less than 700,000 units.

In May “the growth in employment that began in February 2021 continues: during these four months the number of employees has increased by 180 thousand units, involving both gender components, all age groups (with the exception of 35-49 year-olds). ), but only temporary employees “, explains Istat. Comparing the quarter March-May 2021 with the previous one (December 2020-February 2021), the level of employment is higher by 0.3%, corresponding to an increase of 74 thousand units.

Employment growth involves men, temporary employees and those under 35. On the other hand, women, the self-employed and the over 35s are decreasing.

Istat: in 2020 absolute poverty affects 5.6 million people and is increasing in the North | Never like this since 2005

Household income, in the first quarter + 1.5%, consumption -0.6% According to data from the Institute of Statistics, in the first quarter of the year, household disposable income increased by 1.5% compared to the quarter previous year, while consumption decreased by 0.6%. As a result, the propensity to save was 17.1%, an increase of 1.8 percentage points compared to the previous quarter. Furthermore, the purchasing power of households increased by 0.9% compared to the previous quarter. “Disposable income and purchasing power, after the decline recorded in the fourth quarter of 2020, have increased but are still below pre-crisis levels,” he comments.

Deficit P.a. first quarter rises to 13.1% In the first quarter of 2021, the net debt of public administrations in relation to GDP was 13.1% (10.6% in the same quarter of 2020). “The incidence of the public administration deficit on GDP – comments the Institute of Statistics – has grown significantly in terms of trends due to the substantial increase in expenditure, due to the continuation of measures to support the income of families and businesses, which was higher to the increase in revenue “.