Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Hungary
LRACTTTTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
61.70
Year-over-Year Change
2.12%
Date Range
1/1/1999 - 1/1/2025
Summary
The Labor Force Participation Rate measures the share of the working-age population that is employed or actively seeking work in Hungary. It is a key indicator of labor market conditions and economic activity.
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 represents the percentage of the civilian non-institutional population aged 15 and over that is either employed or unemployed but actively seeking work. It is a widely tracked metric for assessing the strength and utilization of the labor force.
Methodology
The data is collected through household surveys by the Hungarian Central Statistical Office.
Historical Context
Policymakers and analysts use this metric to gauge labor market trends and evaluate the effectiveness of economic policies.
Key Facts
- The labor force participation rate in Hungary was 60.4% in 2021.
- Hungary's rate is lower than the OECD average of 63.4%.
- Participation rates tend to be higher for men than women in Hungary.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate measures the percentage of the working-age population in Hungary that is employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the strength and utilization of the labor force, which is a key driver of economic growth and productivity.
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 metric to assess labor market conditions and the effectiveness of economic policies aimed at increasing employment and workforce participation.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, with some potential for delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: 15 Years or over for Hungary (LRACTTTTHUQ156S), retrieved from FRED.