Italy's recovery yields 319, 000 new permanent jobs

(AGI) Rome, Oct 12 - In the first eight months of 2015 therewere 319,102 more permanent job contracts than in the sameperiod of 2014, a rise of 305.8 percent, reported Italy'sSocial Security Institute INPS. Overall, there were 1,164,866new open-ended contracts in the private sector in Italy betweenJanuary and August, 34.6 percent more than in the same periodof 2014, and about 90,000 more than the total of 1,073,203contract terminations. A total of 276,658 fixed-term jobcontracts became indefinite-term working relationships,including apprentices, a 17.4 percent rise over 2014.Therefore, the share of new indefinite

(AGI) Rome, Oct 12 - In the first eight months of 2015 therewere 319,102 more permanent job contracts than in the sameperiod of 2014, a rise of 305.8 percent, reported Italy'sSocial Security Institute INPS. Overall, there were 1,164,866new open-ended contracts in the private sector in Italy betweenJanuary and August, 34.6 percent more than in the same periodof 2014, and about 90,000 more than the total of 1,073,203contract terminations. A total of 276,658 fixed-term jobcontracts became indefinite-term working relationships,including apprentices, a 17.4 percent rise over 2014.Therefore, the share of new indefinite contracts out of thetotal of job contracts activated or changed increased from 32.3percent in the first eight months of 2014 to 38.1 percent inthe same period of 2015. These figures released by INPS onMonday were a cause of celebration for the centre-leftDemocratic Party. "Thanks to the Jobs Act and the reformscarried out by the government in the Stability Law last year,thousands of workers are no longer insecure, acquiring rightsthat they had never had before," said Marco Di Maio of thepresident's office of the Democratic Party group in the Chamberof Deputies. "Figures in the flesh" tweeted Lorenzo Guerini,Deputy Secretary of the Democratic Party. "The reforms haveproduced their results," said party secretary Ernesto Carbone.Returning to the figures, INPS stressed that looking at newopen-ended job contracts activated, there is an above averageincrease in age groups up to 24 years, with a 45.6 percentincrease in stable job contracts activated compared to the sameperiod of 2014. Additionally, between 25 and 29 years there wasa 44 percent rise. A total of 61 percent of new employeesreceive a theoretical average monthly gross wage of less than1,750 euros. The increase in permanent hiring in 2015 comparedto 2014 is higher than the national average of 34.6 percent inFriuli-Venezia Giulia (84.5 percent), Umbria (61.6 percent),Marche (53.1 percent), Piedmont (52.7 percent),Trentino-Alto-Adige (50.5 percent), Emilia-Romagna (49.4percent), Liguria (47.7 percent), Veneto (46.3 percent),Basilicata (40.9 percent), Lazio (40.8 percent), Lombardy (39.3percent), Tuscany (36.4 percent) and Sardinia (36.2 percent).The worst results were recorded in the South: Calabria (17.3percent), Puglia (16.3 percent) and Sicily (11.0 percent).(AGI).