Istat: more than half a million fewer employed since February

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The decrease in employment – In May, the decrease in employment “continues at a slower pace” than in April, the month of full lockdown, which on a monthly basis marks a -0.4% equal to -84 thousand units, involving mainly women (-0 , 7% against -0.1% of men, equal to -65 thousand and -19 thousand respectively). The economic downturn in employment determines “a significant drop” compared to May 2019, recording a -2.6% equal to -613 thousand units involving both women (-270 thousand) and men (-343 thousand).

Half a million fewer workers since February. Looking further, Istat also found that between the Covid emergency and the lockdown, “since February 2020 the level of employment has fallen by more than half a million units and the jobseekers by nearly 400 thousand, against an increase in inactive of almost 900 thousand units “. In the comment to the provisional data on employed and unemployed people in May, it is underlined that in any case the latest monthly data “describe a different evolution compared to that of the previous months: compared to March and April the decrease in employment is more contained, the number of the unemployed rose significantly following the containment of the restrictions envisaged by the Prime Ministerial Decree of 26 April and a substantial recovery in hours worked was observed “.

The decline in inactivity – Compared to April, therefore, the decrease in employment continues, albeit at a slower pace, in May. Instead, the number of people looking for work is growing again, against a marked drop in inactivity. After two months of marked decrease, the number of hours worked per capita also increases.

The gradual resumption of activities – In fact, May was the month characterized by the gradual resumption of activities after the lockdown and closings due to the coronavirus pandemic. Translated into numbers, this means that the number of inactive people, that is, people who are not employed and are not looking for a job, decreased by 1.6%, equal to -229 thousand units. In particular -1.7% among women (equal to -158 thousand units) and -1.3% among men (equal to -71 thousand). Finally, Istat reports the consequent drop in the inactivity rate which reaches 37.3% (-0.6 points).

In May you work more hours per capita – Furthermore, after two months of “decisive decrease”, the number of hours worked per capita increased in May: the number, calculated on the total number of employees, was 29.6, 5.6 hours less than that recorded in May 2019. Istat underlines that the drop, however, is “decidedly more contained” than that recorded in March and April 2020, when the number of hours per capita was respectively 25.5 and 22 hours (-10.5 and -11.6 hours compared to the same month in 2019.

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