Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Hungary
LFAC64TTHUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,774,591.00
Year-over-Year Change
0.95%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the total labor force in Hungary for individuals aged 15 to 64 years. It provides important insights into the size and composition of the working-age population, which is crucial for economic and labor market analysis.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Hungary tracks the size of the working-age labor force in the country. This data is used by policymakers, economists, and analysts to understand labor market dynamics and inform economic decision-making.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is widely used to assess the health of the Hungarian labor market and inform economic policies.
Key Facts
- Hungary's working-age labor force totaled 6.7 million in 2021.
- The labor force participation rate for 15-64 year-olds in Hungary was 75.4% in 2021.
- The working-age population has seen steady growth in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total labor force in Hungary for individuals aged 15 to 64 years, providing insights into the size and composition of the working-age population.
Q: Why is this trend relevant for users or analysts?
A: This trend is crucial for understanding labor market dynamics and informing economic decision-making in Hungary.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is widely used to assess the health of the Hungarian labor market and inform economic policies.
Q: Are there update delays or limitations?
A: The data is updated on a regular basis, with no significant delays or limitations.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 15 to 64 Years for Hungary (LFAC64TTHUQ647S), retrieved from FRED.