Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for Hungary
LRAC55FEHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.90
Year-over-Year Change
15.74%
Date Range
1/1/2003 - 1/1/2025
Summary
The Labor Force Participation Rate Female: From 55 to 64 Years for Hungary tracks the percentage of women aged 55 to 64 who are employed or actively seeking work in 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
This economic indicator provides insight into the employment and workforce engagement of older Hungarian women, which is a key factor in assessing the country's economic conditions and labor supply trends.
Methodology
The data is collected through household surveys by the Hungarian Central Statistical Office.
Historical Context
Policymakers and analysts use this metric to understand labor force dynamics and support policies that promote active aging and women's workforce participation.
Key Facts
- The labor force participation rate for Hungarian women aged 55-64 was 49.2% in 2021.
- Hungary's female 55-64 participation rate is lower than the OECD average of 59.3%.
- Workforce participation among older Hungarian women has increased over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of women aged 55 to 64 in Hungary who are either employed or actively seeking work as part of the labor force.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the labor market engagement of older Hungarian women, which is an important factor in understanding the country's economic conditions and labor supply.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this indicator to support policies that promote active aging and increased workforce participation among older women in Hungary.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delay in the most recent updates.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for Hungary (LRAC55FEHUQ156S), retrieved from FRED.