Observatory on precariousness: good hiring, but transformations collapse for a fixed time

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In the last three months, the hiring of private, seasonal and administered workers increased compared to the same period of 2020.

According to INPS Precariousness Observatory data for May 2021, the hirings activated by private employers in the first five months of 2021 were 2,412,000,a sharp increase compared to the same period of 2020 (+17%). This result is due to the combination of the decrease recorded for the months of January and February 2021 (in 2020 in the corresponding months the pandemic period had not yet begun) and the increase starting from March 2021 compared to the same months of 2020, with +18% in March, +216% in April and +79% in May.

This dynamic characterizes all types of contracts. Particularly accentuated is the recovery, in the last three months, of seasonal and administration intakes.

Fixed-term transformations in the first five months of 2021 were 176,000,down compared to the same period of 2020 (-25%); in the same period the confirmations of apprenticeship relationships reached the end of the training period (45,000) were increased by +18%.

Terminations in the period January-May 2021 were a total of 1,795,000. The decrease compared to the same period of the previous year (-12%) is particularly marked for seasonal contracts (-30%) and forward contracts (- 21%); for permanent contracts in January and February there was a reduction of 32%, while from March there was a reversal with an increase of 58% in May.

The number of workers employed with Occasional Performance Contracts (CPO) in May 2021 stood at around 14,000 units (up 48% compared to the same month of 2020); the average gross monthly amount of their actual remuneration is equal to 253 euros.

Istat: inflation accelerates in August

According to the latest Istat data, in August 2021 the NIC consumer price index +0.5 on July and +2.1% in one year.

According to preliminary estimates byIstat,in August 2021 the national index of consumer prices for the whole community (NIC), gross of tobacco, recorded an increase of 0.5% on a monthly basis and 2.1% on an annual basis (from +1.9% in the previous month).

The trend acceleration of inflation is mainly due to that of the prices of energy goods (from +18.6% in July to +19.8%) and in particular to those of the non-regulated component (from +11.2% to +12.8%), while the prices of the regulated component continue to record a very large growth (and slightly accelerating from +34.2% to +34.4%). Contributing to this dynamic, but to a lesser extent, are the prices of processed food (which accelerated from +0.2% to +0.8%) and those of unprocessed food (which reversed the trend from -0.2% to +0.8%).

“Core inflation”,excluding energy and fresh food, remained stable at +0.6%, while inflation excluding energy goods accelerated from +0.4% to +0.6%. The cyclical increase in the general index is due on the one hand to seasonal factors that influence the growth in the prices of Services related to transport (+2.8%) and recreational, cultural and personal care services (+0.7%) and on the other to the prices of non-regulated energy goods (+1.7%) and food both processed (+0.6%) and unprocessed (+0.4%). Headline inflation for 2021 is +1.8% for the general index and +0.9% for the core component.