Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Hungary
LFHU24TTHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
47,833.33
Year-over-Year Change
-43.11%
Date Range
1/1/1995 - 1/1/2024
Summary
This economic indicator tracks the total number of unemployed individuals in Hungary aged 15 to 24 years old on a monthly basis. It provides valuable insights into youth labor market trends and informs policy decisions aimed at improving employment outcomes for young workers.
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 Monthly Unemployment Total: From 15 to 24 Years for Hungary metric is a key infra-annual labor statistic that measures the total number of unemployed persons in the 15 to 24 age group in the Hungarian labor market. This data is widely used by economists, policymakers, and market analysts to assess the health and dynamics of the youth labor force.
Methodology
The data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This indicator is closely monitored by the Hungarian government and the European Union to inform policies targeting youth unemployment and promoting workforce development.
Key Facts
- Hungary's youth unemployment rate is above the EU average.
- The 15-24 age group accounts for over 20% of the total unemployed population in Hungary.
- Tackling youth unemployment is a key priority for the Hungarian government.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of unemployed individuals in Hungary aged 15 to 24 years old on a monthly basis.
Q: Why is this trend relevant for users or analysts?
A: This data provides valuable insights into youth labor market trends and informs policy decisions aimed at improving employment outcomes for young workers in Hungary.
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 indicator is closely monitored by the Hungarian government and the European Union to inform policies targeting youth unemployment and promoting workforce development.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, with a typical lag of 1-2 months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: From 15 to 24 Years for Hungary (LFHU24TTHUA647N), retrieved from FRED.