Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Hungary
LFACTTTTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,934,975.00
Year-over-Year Change
14.76%
Date Range
1/1/1992 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Hungary' metric tracks the total civilian labor force in Hungary for individuals aged 15 and above. This key economic indicator provides insights into the overall size and dynamics of the Hungarian workforce.
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
This labor force statistic represents the total number of Hungarians aged 15 and older who are either employed or actively seeking work. It is a fundamental measure used by economists and policymakers to assess the health and potential of the Hungarian economy.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Trends in the Hungarian labor force provide important context for economic and labor market analysis.
Key Facts
- The Hungarian labor force totaled over 4.6 million as of the latest data.
- Labor force participation in Hungary has remained relatively steady in recent years.
- Tracking the Hungarian labor force is crucial for assessing economic growth and productivity.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the total civilian labor force in Hungary, including both employed and unemployed individuals aged 15 and above.
Q: Why is this trend relevant for users or analysts?
A: The size and dynamics of the Hungarian labor force provide key insights into the health and potential of the overall economy.
Q: How is this data collected or calculated?
A: The data is gathered through household surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Trends in the Hungarian labor force are closely monitored by policymakers, economists, and market analysts to assess labor market conditions and their implications for economic growth.
Q: Are there update delays or limitations?
A: The labor force data is reported on an infra-annual basis, with some potential for delays in data availability.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: 15 Years or over for Hungary (LFACTTTTHUA647N), retrieved from FRED.