Economy

Italy back to the Seventies

According to the Italian National Statistics Institute, the country unemployment rate hit a new record reaching 12,5 percent. However, you have to add another 36,4 percent of “inactive people” who are simply too discouraged to even look for a job.

The total is a staggering 48,9 percent.

Juvenile unemployment, moreover, is over 40 percent.

To find similar data, you have to go back to 1977.

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