Italy -Data released on the effects of the crisis -March 26, 2014

Data released from the economy ministry revealed that 350,000 citizens lost their jobs during the country's double-dip recession, while more people became self-employed. Three quarters of the job losses were claimed in 2008, as the first recession got underway, with most of the rest being lost during the second and longest post-war recession that began in the last quarter of 2011. The details were part of the ministry’s report into tax declarations between 2008 and 2012. As the recession took hold, more people set up their own ventures, with the number of self-employed growing by 128,000 during the same period, while there were 198,000 fewer people drawing retirement income. The country’s jobless rate hit a record 12.9% in January 2014.



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