Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Hungary
LFEM55TTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
812,050.00
Year-over-Year Change
58.37%
Date Range
1/1/1999 - 1/1/2024
Summary
The 'Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Hungary' series measures the employment level of individuals aged 55 to 64 in Hungary. This metric is crucial for understanding labor market dynamics and demographic trends within the country.
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 data series tracks the total number of employed individuals in Hungary between the ages of 55 and 64. It provides insights into labor force participation, retirement patterns, and the economic activity of older workers, which are key considerations for policymakers focused on issues like pension systems and workforce development.
Methodology
The data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This employment trend is used by economists, policymakers, and labor market analysts to assess the labor force composition and economic conditions in Hungary.
Key Facts
- Employment of 55-64 year-olds in Hungary was 60.7% in 2021.
- The employment rate for this age group has increased by 10 percentage points since 2010.
- Hungary's employment rate for 55-64 year-olds exceeds the OECD average.
FAQs
Q: What does this economic trend measure?
A: This series tracks the total number of employed individuals in Hungary between the ages of 55 and 64, providing insights into labor force participation and retirement patterns for older workers.
Q: Why is this trend relevant for users or analysts?
A: This employment data is crucial for understanding demographic and labor market dynamics in Hungary, which is important for policymakers focused on issues like pension systems and workforce development.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: This employment trend is used by economists, policymakers, and labor market analysts to assess the labor force composition and economic conditions in Hungary.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with potential delays in availability compared to more frequently updated economic indicators.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 55 to 64 Years for Hungary (LFEM55TTHUA647N), retrieved from FRED.