Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Hungary
LREM55TTHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
70.38
Year-over-Year Change
94.67%
Date Range
1/1/1999 - 1/1/2024
Summary
The Employment Rate Total: From 55 to 64 Years for Hungary measures the percentage of the Hungarian population aged 55 to 64 that is employed. This metric provides insights into labor force participation and workforce dynamics among older 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
This indicator tracks the employment level of Hungarians between the ages of 55 and 64. It is used by economists and policymakers to assess labor market trends, workforce aging, and the effectiveness of policies aimed at extending working lives.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
The employment rate for older workers is a key input for evaluating the labor market and designing policies to promote active aging.
Key Facts
- The employment rate for Hungarians aged 55-64 was 61.8% in 2021.
- Hungary's employment rate for older workers is below the OECD average.
- Increasing the employment of older workers is a policy priority in Hungary.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of the Hungarian population aged 55 to 64 that is employed. It provides insights into labor force participation and workforce dynamics among older workers.
Q: Why is this trend relevant for users or analysts?
A: The employment rate for older workers is a key metric for evaluating labor market trends, workforce aging, and the effectiveness of policies aimed at extending working lives.
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: The employment rate for older workers is a crucial input for policymakers designing policies to promote active aging and extended workforce participation.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, so there may be some delay in accessing the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Hungary (LREM55TTHUA156N), retrieved from FRED.