The unemployment rate fell to 8.1%in May from 8.3% in April, hitting its lowest level for two years, but the decline was due to people withdrawing from the labour market as 49,000 jobs were lost in the month. Despite the latest marked downturn in jobs, in the three months to May employment was still up by 136,000 or 0.6%, compared with the December-to-February period. May’s 8.1% unemployment rate was the lowest since April 2020, at the height of the first wave of Italy’s COVID-19 crisis.
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