Market Intelligence Reports

Global Market Report Q4 2021

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51 Italy Q4 2021 Total Labor Force (000s) 25,152 Employed Workers (000s) 22,838 Unemployed Workers (000s) 2,314 Unemployment Rate 9.2% 23,515 23,776 22,435 22,807 22,838 Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 9.9% 8.4% 9.6% 10.1% 9.2% Q4 2019 Q2 2020 Q4 2020 Q2 2021 Q4 2021 78% - First Vaccine Dose (December 2021) Covid Update Covid Health care passes are mandatory for all workers. Vaccine mandates in place for school staff, police, healthcare workers and military. Unvaccinated people are not able to attend indoor restaurants, bars, museums, theatres etc. 30% 24% 22% 0% 25% 50% 75% Employer Tax Profit Tax VAT Italy Regional Average Other Cost Considerations - Tax Indicative Wages (USD) $2,664 $2,465 $10.19 $0 $5 $10 $15 $0 $2,500 $5,000 $7,500 Average Wage Manufacturing Wage Minimum Wage Italy Regional Average Year on year wage inflation in October '21 was 0.6%. Working Population (in Thousands) Over Time Unemployment Rate Over Time Labor Force Statistics Hiring Demand Trend by Experience Level TalentNeuron Monthly Hourly Key Sources: https://wageindicator.org/ https://ilostat.ilo.org/ https://www.worldbank.org/ https://tradingeconomics.com/ https://home.kpmg/xx/en/home.html https://taxsummaries.pwc.com/ https://ec.europa.eu/eurostat https://www.istat.it/en/archivio/263073

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