Overview of Cassa Integrazione and Unemployment

The authorized hours of Cassa Integrazione Guadagni in February 2014 grew both in the Area of Milan, where they grew over 60% as compared with February 2013, and in Italy, where the growth was weaker. The increase was due to the CIG Straordinaria and in Deroga especially.

In February 2014, the authorized hours of CIGO of Assolombarda companies decreased by 29% respect to February 2013; they represented 22% of the total amount of authorized CIGO in the Area of Milan.

In January 2014 the Italian unemployment rate reached approximately 13%, nearly 1 point percent higher than the European average (stable at 12% for 4 months). While the Italian unemployment rate grew (from 12.7% in December 2013 to 12.9% in January 2014), the German, Spanish and the USA ones diminished.

Also the Italian youth unemployment rate increased again, reaching a new alarming record in January 2014 (42.4%).