Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Hungary
LREM74TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
65.48
Year-over-Year Change
2.15%
Date Range
1/1/1999 - 1/1/2025
Summary
The Employment Rate Total: From 15 to 74 Years for Hungary measures the percentage of the Hungarian population aged 15 to 74 that is employed. This key labor market indicator provides insight into economic activity and workforce participation.
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 series tracks the employment rate for the working-age population in Hungary, offering a comprehensive view of labor market conditions. It is a widely-used metric for evaluating economic performance and informing policy decisions.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
The employment rate is a critical input for policymakers and analysts assessing the overall health of the Hungarian economy.
Key Facts
- Hungary's employment rate averaged 68.4% from 2010 to 2022.
- The employment rate reached a high of 70.1% in 2019 before declining due to the COVID-19 pandemic.
- Female employment rates in Hungary have increased significantly over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Hungary measures the percentage of the working-age population in Hungary that is employed.
Q: Why is this trend relevant for users or analysts?
A: The employment rate is a key indicator of economic activity and labor market health, providing valuable insights for policymakers, businesses, 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: The employment rate is a crucial input for policymakers and analysts assessing the overall performance of the Hungarian economy and informing policy decisions.
Q: Are there update delays or limitations?
A: The employment rate data is released on a regular basis with minimal delays, providing timely insights into the Hungarian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 74 Years for Hungary (LREM74TTHUQ156S), retrieved from FRED.