Italy's youth unemployment has reached a new all-time high of 40.1% from 39.7% in July. Overall, while euro zone unemployment maintained a steady 12% in August, Italy's jobless rate rose from 12.1% to 12.2%. The rise comes at a time of political instability in Italy. The Italian center-right party, headed by Silvio Berlusconi, pulled out of Prime Minister Enrico Letto's coalition government on 28 September after five months of shaky cooperation. Italy's coalition government has been particularly unstable since Berlusconi's tax fraud conviction was upheld by a top Italian court on 1 August. In addition to its high levels of youth unemployment, Italy is also struggling to manage a two-year-long recession and a two trillion euro ($2.7 trillion) public debt. (VIEW LINK)
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