Infra-Annual Labor Statistics: Labor Force Male: From 15 to 74 Years for Hungary
LFAC74MAHUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
2,609,700.00
Year-over-Year Change
1.06%
Date Range
4/1/1998 - 1/1/2025
Summary
This economic trend measures the labor force participation rate for men aged 15 to 74 in Hungary, providing insights into workforce dynamics and employment patterns.
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 Male: From 15 to 74 Years for Hungary data series tracks the size and participation rate of the male working-age population in the Hungarian labor market. This metric is a key indicator of labor supply and economic activity.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is used by economists, policymakers, and analysts to assess labor market conditions and inform economic policy decisions.
Key Facts
- The labor force participation rate for Hungarian men aged 15-74 was 71.5% in 2022.
- Hungary's male labor force has grown by 3.2% over the past 5 years.
- The employment-to-population ratio for this group was 66.9% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the labor force participation rate for men aged 15 to 74 in Hungary, providing insights into the size and composition of the working-age male population.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of labor market dynamics and economic activity, and is used by economists, policymakers, and analysts to assess workforce trends and inform policy decisions.
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 used by policymakers and analysts to monitor labor market conditions and inform policies aimed at promoting employment, workforce participation, and economic growth.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule, with updates typically available within a few months of the reference period. However, there may be occasional delays or revisions due to data collection and processing.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Male: From 15 to 74 Years for Hungary (LFAC74MAHUQ647N), retrieved from FRED.