Unemployment rate in Italy 2020, by region
Economic crisis in Italy
Unemployment is a serious problem in Italy, which began to worsen alongside with the beginning of the financial crisis in 2008. The crisis in the Italian labor market reached its peak in 2014, when 12.7 percent of the citizens were without a job. Since 2015, the situation has been improving; the unemployment rate started a steadily decrease, which continued in the following years.
Unemployment in the EU
In September 2020, Italy ranked third in the EU classification of member states with the highest unemployment rate. The first country in the ranking was Greece, where more than 15 percent of all potential employees did not have any occupation.