II‑ IRHRM Environments in Italy
•The Economic Context
•1970s through 1990s higher growth than most other countries   
•Labor Force Participation lowest in course
•8.6% unemployment 2004
•1991-2001 lowest job creation rate in course (almost none)
1970s through 1990s higher growth than most other countries.
   Now world's 7th largest economy.

Labor Force Participation lowest in course
   Because women far lower than any other country in course
   Part-time employment lowest in course

8.6% unemployment 2004
   Lower than double digit unemployment for virtually all of the 1990s
   Second highest long-term unemployment in course after Germany (those two quite close together)
   Unemployment particularly difficult problem in the south (BLW)

1991-2001 second lowest job creation rate in course (almost none)
   Only Sweden (which lost jobs over that period) lower