(Finance) – The MIC of April 2023 Of Confcommerce – the indicator in the current formulation underestimates widespread unemployment in consideration of the impossibility of enucleating the number of discouraged and underemployed – it settled on an estimated value of 16.7, up moderately from the previous month. The figure for the last month is the synthesis of a recovery in theinflation for the prices of frequently purchased goods and services and a slight improvement in the unemployment component.
Also ad April The job market showed elements of liveliness. The number of busy it increased by 48,000 from the previous month and job seekers decreased by 14,000; in the same period the number of people inactive decreased by 25 thousand units. These dynamics brought the official unemployment rate to 7.8% (7.9% in March).
In the same month the authorized hours of CIG were slightly higher than 23.3 million (figure in line with pre-Covid levels), to which are added less than 1.2 million hours for checks disbursed by solidarity funds. In terms of CIG hours actually used, seasonally adjusted and referred to Ula, it is estimated that this corresponds to approximately 40 thousand standard working units. The combination of these dynamics led to a slight reduction in the extended unemployment rate which fell to 8.6%.
As of April 2023 i prices of goods and services with a high frequency of purchase showed a trend variation of 7.9%, up on the previous month. The first estimates for May signal a slowdown in the growth rate of prices for this type of goods and services (+7.1% on an annual basis).
The data of the last few months, while confirming the solidity of the return process, do not alleviate the fears of a non-linear path and quite gradual. In this context, therefore, many elements of uncertainty remain regarding the possibility of a decision scaling, in the short term, of the area of social unease. The difficulties of families could translate into a slowdown in the request and the economy, with negative effects on the labor market whose dynamics positive have made a significant contribution to maintaining the spending capacity of households.