Employment to Population Rate: All Ages: All Persons for Hungary
LREPTTTTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
42.51
Year-over-Year Change
9.37%
Date Range
1/1/1999 - 7/1/2014
Summary
The Employment to Population Ratio measures the proportion of the working-age population that is employed. It is a key indicator of the strength of the labor market and overall 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 Employment to Population Ratio for All Ages in Hungary tracks the percentage of the total working-age population that is employed. This metric provides insights into the utilization of a country's human resources and is widely used by economists and policymakers to assess the health of the labor market.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This indicator helps inform monetary, fiscal, and employment policies aimed at promoting full employment and economic growth.
Key Facts
- The ratio peaked at 59.7% in 2019.
- The ratio dropped to 54.6% in 2020 due to the COVID-19 pandemic.
- Hungary's employment rate is below the EU average.
FAQs
Q: What does this economic trend measure?
A: The Employment to Population Ratio measures the proportion of the working-age population that is employed. It provides insights into labor market utilization.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used by economists and policymakers to assess the health of the labor market and overall economic activity.
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: This indicator helps inform monetary, fiscal, and employment policies aimed at promoting full employment and economic growth.
Q: Are there update delays or limitations?
A: The data is published with a short delay and may be subject to revisions.
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Citation
U.S. Federal Reserve, Employment to Population Rate: All Ages: All Persons for Hungary (LREPTTTTHUQ156S), retrieved from FRED.