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Employment rate hits 60.5%, highest level on record

Number of people in work up by almost 500,000 in one year

(ANSA) - ROME, DEC 1 - Italy's employment rate reached 60.5% in October, the highest level on record since the start of the statistical series on this factor in 1977, ISTAT said on Thursday.
    The national statistics agency said the number of people in work increased by 82,000 with respect to September, taking the employment rate up by 0.4 of a percentage point.
    It said 23.231 million people were in employment in Italy in October, 496,000 more than in the same month last year.
    It said the rise was driven by more people being employed on permanent labour contracts, which were up by 117,000 on September and by 502,000 with respect to October 2021.
    ISTAT said the unemployment rate dropped by 0.1 of a point to 7.8% in October.
    The agency said the jobless rate for under-25s who are active on the labour market fell by 0.2 of a point to 23.9%.
    It said the percentage of the working-age population not active on the labour market dropped by 0.2 of a point to 34.3% (ANSA).
   

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