Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Hungary
LFHUTTTTHUM647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
215,000.00
Year-over-Year Change
0.94%
Date Range
1/1/1995 - 6/1/2025
Summary
This economic trend measures the total monthly unemployment rate for individuals aged 15 and over in Hungary. It provides important insights into the overall state of the Hungarian labor market.
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: Monthly Unemployment Total: 15 Years or over for Hungary tracks the number of unemployed persons in Hungary on a monthly basis. This metric is a key indicator of economic performance and can inform policy decisions aimed at promoting employment and economic growth.
Methodology
The data is collected through nationally representative household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This unemployment trend is closely monitored by policymakers, economists, and investors to assess the health of the Hungarian economy.
Key Facts
- Hungary's unemployment rate averaged 3.7% in 2021.
- The unemployment rate peaked at 6.1% during the COVID-19 pandemic in 2020.
- Long-term unemployment remains a persistent challenge in the Hungarian labor market.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total monthly unemployment rate for individuals aged 15 and over in Hungary. It provides insight into the overall state of the Hungarian labor market.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of economic performance and can inform policy decisions aimed at promoting employment and economic growth in Hungary.
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: This unemployment trend is closely monitored by policymakers, economists, and investors to assess the health of the Hungarian economy and guide policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a monthly basis, but there may be some delays in publishing the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Hungary (LFHUTTTTHUM647S), retrieved from FRED.