Italy's seasonally adjusted unemployment rate rose to a new record of 12.9 percent in January, its highest level since records began in 1977, data showed on Friday. Youth unemployment, measuring job-seekers between 15 and 24 years old, was 42.4 percent in January, up from 41.7 percent in December. Youth unemployment is also at its highest level in 37 years. The weaknesses in Italy's labour market are equally evident in its chronically low employment rate, which was at 55.3 percent in January. Istat said there were 478,000 fewer people in employment at the end of 2013 than a year earlier and 984,000 fewer than in ... (full story)