Italy Unemployment Rate Remains Close to 20-Year-High Amid Slump
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Italy’s unemployment rate remained near a 20-year high in March as companies refrained from hiring amid political gridlock and the longest economic recession in two decades.
Joblessness was unchanged at 11.5 percent after the February reading was revised down from an initial 11.7 percent, the Rome-based national statistics office Istat said in a preliminary report today. The March rate was lower than the 11.7 percent median of six estimates in a Bloomberg News survey. Unemployment remained above 10 percent for a 14th month.