First thing's first: what's the unemployment rate in Italy? As 2020 is still on-going, the current information available is that of the past two weeks. Back in 2019, the unemployment rate was 9.5%. And two years prior, in 2018, it was 10.3%. While it comparatively decreased, it's not exactly that big of a change to celebrate over. Though it's still worth noting that both these unemployment rates are lower than those in other countries. Meanwhile, in the past year, the rate consisted of 8.7% jobless males and 10.5% unemployed women. It's a startling find that proves the gender disparity in the job market in Italy.
What about the employment rate? What's the percentage of the people who were able to secure and maintain their jobs in the past few years? Well, according to Trading Economics, April 2020 saw the lowest surge of the unemployment rate in recent years with 57.5%. Last year, in 2019, the country saw the rate rise up to 59.1% and it stayed that way for a few months. Though the blame lies heavily with the country's months-long lockdown because of the COVID-19 pandemic. At a time, Italy became the epicenter of the disease, with tens of thousands of cases and thousands of deaths.
As far as industries are concerned Italy's biggest include tourism, retain, mechanics, culinary arts, among many others. It's no secret that cities like Rome and Milan often get visited by millions of people every year. Their business in exploring said places help contribute a lot to the country's general economy. With retail, it's also well-known that high fashion and leather goods from Italy drive a huge part of the overall retail industry. It's where a lot of livelihoods depend. And, for food, Italy's influential and rich cuisine continues to make such an impact in terms of the country's economy.
It's important to note that just because some industries are the biggest in Italy, they're not exactly the sectors that hire the biggest number of employees year after year. Though a good number of them still cross paths. Italy's tourism industry, for instance, hires a lot of people from all over the world to take part in their service sector. The same goes for retail as well, what with their constant need of sales assistants, associated, and the like. Since culinary arts are also big in the Mediterranean country. catering has seen quite the surge of new hires over the years.
Now, here's a question probably a lot of you would overlook asking: is there a difference between working in North and South Italy? The answer is a big resounding yes! The gist of the differences is that the North is more industry-based—this is where a lot of the big industries and labor sectors mentioned before are found. While in Southern Italy, on the other hand, the labor market focuses more on agriculture and, of course, tourism. Simply put, you might live a more relaxed life in Southern Italy, but your career will grow better in Northern Italy.
Similarly in France, Italy puts a lot of importance on people maintaining a healthy work/life balance. With a requirement of 40 working hours a week, Italians have more than enough time at the end of the day or even on weekends to take the load off. And once you check off, you're encouraged not to focus on work. Also, the country has a total of 11 public holidays throughout the year wherein Italians don't have to work and can sit back and relax. Employees are also entitled to four weeks of paid leave every now and again.
Overall, the job market in Italy seems to be doing fine despite everything that's happened in 2020 so far. While it has seen its fair share of drops recently, it has come to a point that it should cause panic in the country.
Once you get to be part of Italy's job market, you can finally go for a luxury Italian rental as your home here. Don't worry, with whatever work you find here, you'll still be able to pay for it without breaking the bank!