Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Hungary
LREM55TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.33
Year-over-Year Change
10.34%
Date Range
1/1/2003 - 1/1/2025
Summary
The employment rate for individuals aged 55 to 64 in Hungary is a key economic indicator that measures labor force participation 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 statistic tracks the percentage of Hungarians aged 55 to 64 who are employed, providing insights into labor market dynamics and retirement trends.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Policymakers use this metric to evaluate the effectiveness of programs aimed at increasing employment among older adults.
Key Facts
- Hungary's 55-64 employment rate was 59.3% in 2021.
- The rate has increased by over 15 percentage points since 2010.
- Older worker employment is a key policy focus for the Hungarian government.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the percentage of Hungarians aged 55 to 64 who are employed, providing insights into labor market participation among older workers.
Q: Why is this trend relevant for users or analysts?
A: The employment rate for older adults is an important indicator of labor force dynamics and retirement trends, which are key considerations for policymakers and economists.
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 use this metric to evaluate the effectiveness of programs aimed at increasing employment among older adults, which is a priority for the Hungarian government.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, with some potential for delays in data reporting.
Related Trends
Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Food and Non-Alcoholic Beverages for Hungary
HUNCP010000CTGYM
Consumer Price Index: Housing, Water, Electricity, Gas and Other Fuels (COICOP 04): Total for Hungary
HUNCP040000IXNBM
Infra-Annual Labor Statistics: Employment Female: 15 Years or over for Hungary
LFEMTTFEHUQ657S
Infra-Annual Labor Statistics: Inactivity Rate Male: 15 Years or over for Hungary
LRINTTMAHUQ156S
Sales: Retail Trade: Total Retail Trade: Volume for Hungary
HUNSLRTTO01GYSAM
Number of Bank Accounts for Hungary
DDAI01HUA642NWDB
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 55 to 64 Years for Hungary (LREM55TTHUQ156S), retrieved from FRED.