Italy March jobless rate plummets as people give up search for work amid coronavirus crisis

ROME, (Reuters) - Italy's unemployment rate dropped steeply to 8.4% in March, the lowest for almost nine years, data showed on Thursday, as people stopped looking for work due to the coronavirus emergency.February's jobless rate was revised down to 9.3% from a previously reported 9.7%, national statistics bureau ISTAT reported.Analysts completely misread likely labour market developments in March, with a Reuters survey of 10 economists pointing to a jump in the jobless rate to 10.5%.Some 27,000..