Il mercato del lavoro

Labour market

During the first quarter of 2017 Italian economy recorded a quarter-on-quarter increase of Gdp by 0.4% and a year-on-year growth by 1.2%. In the Euro area as a whole economy grew by 0.5% to the previous quarter and by 1.7% to the same quarter of 2016. Signs of speeding up in the economic activity growth, particularly in many services sectors, were associated to the labour absorption by an expanding production system: the total hours worked grew by 0.3% to the previous quarter and by 0.8% on an annual basis.

On the labour supply side, employment showed a growth on a short term basis (+52 thousand, 0.2%), due to a further increase of employees (+78 thousand, +0.4%) - mainly the fixed-term (+51 thousand, 2.1%) - while the self-employed decreased again (-26 thousand, -0.5%). The employment rate grew by 0.2 points to the previous quarter. The most recent data, the seasonally adjusted monthly ones for April 2017, showed a relevant increase in employed persons (+0.4% on March, corresponding to +94 thousand people), involving both employees and the self-employed.

The dynamics between the first quarter 2017 and the same period of the previous year led to an increase of 326 thousand employed persons (+1.5%) involving employees only, of which two third belonged to the fixed-term group, while the self-employed decreased. In absolute terms the increase was mainly related to full-time employees, and part-time employment increased exclusively in the voluntary component. Employment growth involved both genders and all geographical areas, including also the aged 15-34 and 50 and over.

Unemployment rate decreased by 0.2 percentage points to the previous quarter, with a reduction of 49 thousand unemployed on a short-term basis, while the indicator remained stable on a yearly basis. These trends were reinforced by April's results, that showed a relevant decrease in the unemployed number.

The number of the inactive aged 15-64 (-473 thousand in a year) kept on decreasing as well as the corresponding inactivity rate. In the year-on-year comparison inactivity reduction was spread over gender, territory and age class, it involved both persons willing to work (-291 thousand potential labour forces) and those farther from the labour market (-183 thousand persons not seeking and not available for work).

Changes in stock evidenced significant changes in the labour market condition of persons, as measured by flow data over a twelve-month period. Permanence in employment increased as a whole (+0.4 points) but the transitions from fixed-term to permanent employee decreased (from 24.2% to 19.6%). Moreover the transitions from inactivity towards unemployment (+0.9 points) and to a lesser extent towards employment (+0.4 points) increased.

As for enterprises, the signs of growth in labour demand were confirmed with an increase of employee jobs by 0.6% to the previous quarter, as a result of a rise in both industry and services. However the hours worked per employee decreased (-0.6%), though the use of short-time working allowance hours decreased as well. Vacancy rate remained unchanged on a quarter-on-quarter basis, while increased by 0.2 percentage points year-on-year. On a quarter-on-quarter basis wages and salaries increased (+0.5%) as well as labour cost (0.6%). A part of the latter was due to the larger rise in social security contributions (+1.2%), due to the gradual weakening of the effects of the favorable contributions associated to new hiring of permanent employees during the past two years.

earnings, employed, employment and unemployment (quarterly), enterprises labour, hours worked, labour cost, labour market, number of jobs, redundancy funds, social security contributions, statistics flash, unemployed, vacancies
Industry and construction, Labour and wages, Services
document typology:
Press release
Reference period
First quarter 2017
Date of publication
9 June 2017
Next release
12 September 2017
Full text
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