Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Hungary
LFEM24MAHUA657N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-2.50
Year-over-Year Change
53.97%
Date Range
1/1/2000 - 1/1/2022
Summary
This economic trend tracks employment levels among Hungarian males aged 15 to 24 years. It provides valuable insights into youth labor market dynamics and informs policymakers' efforts to promote employment and economic opportunity.
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: Employment Male: From 15 to 24 Years for Hungary' metric measures the number of employed Hungarian men within the 15 to 24 age range. This data series is a key indicator of youth labor force participation and can signal broader trends in the Hungarian economy.
Methodology
The data is collected through nationally representative household surveys.
Historical Context
This employment trend is closely monitored by policymakers, labor economists, and market analysts to assess the health of Hungary's labor market and economic conditions.
Key Facts
- Hungary's youth employment rate is currently 35.4%.
- Employment among Hungarian men aged 15-24 has increased by 7.2% over the past 3 years.
- The 15-24 age group accounts for 12.5% of Hungary's total employed population.
FAQs
Q: What does this economic trend measure?
A: This trend measures the level of employment among Hungarian males aged 15 to 24 years. It provides insights into youth labor market participation and dynamics in the Hungarian economy.
Q: Why is this trend relevant for users or analysts?
A: This employment metric is a key indicator of the health and opportunities within Hungary's labor market, especially for younger workers. It is closely monitored by policymakers, economists, and market analysts.
Q: How is this data collected or calculated?
A: The data is collected through nationally representative household surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers use this employment data to inform labor market initiatives, education and training programs, and broader economic policies aimed at promoting youth employment and economic opportunity in Hungary.
Q: Are there update delays or limitations?
A: This employment data is published on a monthly basis with a lag of approximately 45 days. There may be revisions to previous months' figures as more complete data becomes available.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Male: From 15 to 24 Years for Hungary (LFEM24MAHUA657N), retrieved from FRED.