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Italy lost more than 660k job in one year

 

The social security and Retirement agency INPS said on Thursday that by November 2020, the number of registered labor contracts in Italy had decreased by 664,000 compared with the same month in 2019.

 


It said the decline was due to the collapse of the temporary work market during the COVID-19market, as the number of permanent open contracts in the first 11 months of 2020 actually increased by 243.769. 

 


According to macrotrends.net, Italy unemployment rate for 2019 was 9.89%, a 0.72% decline from 2018, and for 2018 was 10.61%, a 0.6% decline from 2017.

 

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