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Italy’s permanent work contracts increase by 36% in the first half

In the first six months of 2015, new permanent contracts increased by 36% (+252,177), fixed-term contracts remained stable, while apprenticeship contracts decreased (-11,500).
The number of temporary contracts that was converted into permanent contracts increased by 30.6%, according to INPS.

These figures substantiate the positive effects of the government's Jobs Act and of the tax breaks offered by the Stability Law to employers who hire on a permanent basis.

Renzi: “The Jobs Act is a chance that shouldn't be missed”
“The figures released by INPS show that we are on track to tackle short-term employment, and that the Jobs Act is an opportunity not to be missed, especially for our generation,” said Italian Prime Minister Matteo Renzi.

INPS is clear: in the first half of 2015 the net change between the new hires and terminations - amounting to 2,815,242 and 2,177,002 - was 638,240. In the same period last year it was 393,658.

Transformations from short-term to permanent contracts, including apprenticeships, were 331,917 (up 30.6% from the same period of 2014). Therefore, the share of stable jobs out of the total hires rose from 33.6% in the first six months of 2014 to 40.8% in the first six months of 2015.

It means that four out of ten new jobs today are not short-term. Full time work has also risen compared to part-time: full-time work accounted for 63.4% of total new hires in the first six months of 2015, an increase of 1.1% over the same period last year.