Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Hungary
LRAC74MAHUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
73.80
Year-over-Year Change
1.93%
Date Range
4/1/1998 - 1/1/2025
Summary
The Labor Force Participation Rate Male: From 15 to 74 Years for Hungary measures the proportion of the working-age male population in Hungary that is actively employed or seeking work. This metric provides insight into the utilization of the country's human capital.
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 labor force participation rate tracks the active portion of an economy's labor force. This key indicator helps economists and policymakers assess labor market conditions and trends over time. The male-specific rate for Hungary offers a gender-disaggregated view of workforce engagement.
Methodology
This data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Labor force participation is a crucial input for evaluating employment, productivity, and economic growth policies in Hungary.
Key Facts
- Hungary's male labor force participation rate was 73.3% in 2021.
- Male participation has increased from 67.1% in 2010.
- The rate for women in Hungary was 55.3% in 2021.
FAQs
Q: What does this economic trend measure?
A: This trend measures the proportion of working-age men in Hungary who are employed or actively seeking work, providing insight into labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The male labor force participation rate is a key indicator of economic activity and workforce utilization, helping policymakers and analysts assess labor market dynamics in Hungary.
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 economists use this metric to evaluate employment, productivity, and economic growth policies in Hungary.
Q: Are there update delays or limitations?
A: There may be some delays in the release of this data, as it is dependent on the survey collection and processing timeline of the Hungarian statistical agency.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Male: From 15 to 74 Years for Hungary (LRAC74MAHUQ156N), retrieved from FRED.