Italy’s unemployment rate falls to 11.4% in March

The Italian statistical office Istat released its unemployment data on Friday. The seasonally adjusted unemployment rate decreased to 11.4% in March from 11.6% in February. It was the lowest rate since November 2012.

February’s figure was revised down from 11.7%.

The number of unemployed people was 2.895 million in March, down 2.1% from the month before.

The youth unemployment rate decreased to 36.7 in March from 38.2% in February.

The employment rate rose to 56.7% in March from 56.5% in February.