Italy October jobless rate stable at 12.5 percent, youth unemployment at new high

Italy's seasonally adjusted unemployment rate was stable in October at a record 12.5 percent, while the youth jobless rate rose to a new high of 41.2 percent, statistics office ISTAT said. Unemployment has followed an upward trend since early 2011 as Italy has languished in its longest post-war recession. Both overall unemployment and the youth jobless rate, measuring job-seekers between 15 and 24 years old, have reached their highest levels since ISTAT began recording the data in 1977. Most analysts believe Italy is gradually moving towards a recovery but conflict between the partners in Enrico Letta's left-right governing coalition has complicated efforts to reform the economy and boost growth.

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