Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Hungary
LRHU24FEHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.98
Year-over-Year Change
-42.99%
Date Range
1/1/1996 - 1/1/2024
Summary
This economic trend measures the monthly unemployment rate for females aged 15 to 24 years in Hungary. It provides critical insights into the labor market participation and economic conditions for a key demographic group.
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 monthly unemployment rate for Hungarian females aged 15 to 24 is an important labor market indicator that tracks the employment status and economic opportunities available to young women. This data series is widely used by economists, policymakers, and analysts to assess the overall health and dynamics of the Hungarian economy.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This unemployment rate is a key input for evaluating the effectiveness of labor and economic policies in Hungary.
Key Facts
- Hungary's female youth unemployment rate averaged 11.4% in 2021.
- The rate for this demographic has declined from a high of 29.1% in 2012.
- Female youth unemployment is higher than the overall Hungarian unemployment rate.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for females aged 15 to 24 years in Hungary. It provides insights into the labor market participation and economic opportunities for young women in the country.
Q: Why is this trend relevant for users or analysts?
A: This unemployment rate is a key indicator of the overall health and dynamics of the Hungarian economy, especially with regards to the labor market participation and economic opportunities available to young women.
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 unemployment rate is a critical input for evaluating the effectiveness of labor and economic policies in Hungary, as it reflects the economic conditions and opportunities for a key demographic group.
Q: Are there update delays or limitations?
A: The data is published monthly, with a typical update delay of 1-2 months. There may be limitations in coverage or methodological changes over time.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Monthly Unemployment Rate Female: From 15 to 24 Years for Hungary (LRHU24FEHUA156N), retrieved from FRED.