Yes, last September the unemployment rate in Italy rose to 7.4%, compared to 7.3% in August. But taking the data, which are still from Istat, as valid, it must be said that there are 430 thousand hires expected by companies for the month of November and 1.3 million for the November-January quarter, with an increase compared to last year of + 12.6% (+48 thousand hires) in the month and +8.4% (+101 thousand hires) in the quarter. And even these numbers, released by Unioncamere and Anpal, are worthy of belief. In other words, the Italian labor market, amid one debate and another about the minimum wage, is alive and well. And the credit also and above all goes to the omnipresent tourism with 66 thousand new arrivals in the month (+14 thousand compared to 12 months ago, +28.3%) and to commerce, with 68 thousand new hires in November (+8 thousand; + 13.2%).
In detail, in November, services reported 299 thousand hires in the month (+14.3% compared to 12 months ago) and 900 thousand in the November-January quarter (+9.3% compared to the same quarter in 2022). However, in addition to tourism and commerce, the demand for labor remains high for personal services with 50 thousand hires in the month, while the dynamics of the industry is more limited as as a whole it plans 131 thousand hires in the month and 400 thousand in November-January quarter, with year-on-year increases of +8.8% and 6.4% respectively, supported mainly in mechatronics, with 23 thousand workers sought (+3 thousand, +13.2%), and in the fashion system, with 11 thousand entries (+3 thousand, +28.5%). Construction is also continuing well, with 45 thousand entries planned for the month (+4 thousand, +10.7% compared to November 2022). And pay attention during the Christmas holidays. In fact, there are more than 35 thousand opportunities offered by Employment Agencies in the November-December 2023 period in view of Christmas. Salespeople, promoters, visual merchandising, warehouse workers, drivers and passengers. And then you help cooks, waiters, decorators and entertainers at Christmas events.
Returning to Unioncamere and looking first at contracts, fixed-term contracts are the most proposed form with around 228 thousand units, equivalent to 52.9% of the total, followed by permanent contracts (93 thousand units, 21.7%). And the president of Confindustria, Carlo Bonomi, also spoke about the issue of contracts, heard at the Senate hearing on the maneuver. “Something must be done to make labor costs competitive, our fear is that a spiral will begin with all contract renewals. Now, on the one hand, support is being asked for very difficult platforms, at a time when we are so crushed by the competitiveness of the USA and China, and on the other, productivity is not on the table.” But Confindustria’s number one , heard in the mixed Budget Committees of the House and Senate, certainly didn’t stop there in his work evaluations. Touching on the topic of hiring discussed above, Bonomi explained how the important thing is not “a smaller IRES if I hire. At the moment there is a problem with job creation, in fact there are 800 thousand profiles missing. It is not correct to use public resources to create jobs, which is the businessman’s profession. We can’t even understand what the leverage effect of The Measure was. These resources could be used for Industry 5.0 and investments. For Ires, we proposed a 15% taxation, the level of the global minimum tax, which would have made the system competitive, and a strong taxation if the resources were withdrawn from the company’s accounts.”
Source: IL Tempo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
