Nearly 2 Million Additional Job Contracts Recorded Since 2019, Reports INPS

Rome: An additional 1,958,871 job contracts have been recorded between December 2019, right before the Covid pandemic, and December 2024, according to the Observatory of social security and pensions agency INPS on the labour market published on Thursday. Nearly three-fourths of those contracts were open-ended, said the report.

According to Ansa News Agency, the job increase was mainly driven by the construction sector, which saw 371,383 additional contracts. The trade sector followed with 292,366 contracts, and the hotel and restaurant business recorded 247,120 additional units compared to five years before. These three sectors accounted for over 46% of the overall growth, as highlighted by the Observatory.

The report further noted that an additional 374,613 job contracts were signed in 2024 in the private sector, excluding domestic and farm workers. This figure represents a decrease from the additional 519,381 units registered the previous year. The number of open-ended contracts last year was an additional 314,999 units, a slight decline from the 396,502 recorded in 2023.