Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 24 Years for Hungary
LRIN24TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.74
Year-over-Year Change
-1.38%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the inactivity rate among individuals aged 15 to 24 in Hungary. It provides insights into youth labor force participation and engagement in the economy.
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 inactivity rate represents the proportion of the population aged 15 to 24 who are not employed and not actively seeking work. This metric is used by economists and policymakers to assess labor market conditions and identify opportunities for interventions to increase youth engagement.
Methodology
The data is collected through household surveys conducted by national statistical agencies.
Historical Context
This trend is relevant for evaluating the overall health of the Hungarian labor market and informing policies aimed at boosting employment and economic participation among young adults.
Key Facts
- The inactivity rate among 15-24 year olds in Hungary was 25.6% in 2021.
- Youth inactivity rates are higher than the overall working-age population.
- Reducing youth inactivity is a key policy goal for many governments.
FAQs
Q: What does this economic trend measure?
A: This trend measures the inactivity rate among individuals aged 15 to 24 in Hungary. It represents the proportion of the youth population that is not employed and not actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The youth inactivity rate provides insights into labor force participation and engagement among young adults, which is crucial for evaluating the overall health of the labor market and informing policies aimed at boosting employment.
Q: How is this data collected or calculated?
A: The data is collected through household surveys conducted by national statistical agencies.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to assess labor market conditions and identify opportunities for interventions to increase youth engagement in the economy.
Q: Are there update delays or limitations?
A: The data may be subject to occasional update delays due to the time required for survey collection and processing by statistical agencies.
Related Trends
Composite Leading Indicators: Composite Consumer Confidence Amplitude Adjusted for Hungary
CSCICP03HUM665S
Liquid Liabilities to GDP for Hungary
DDDI05HUA156NWDB
Infra-Annual Labor Statistics: Monthly Unemployment Total: 15 Years or over for Hungary
LFHUTTTTHUM647S
Infra-Annual Labor Statistics: Inactivity Rate Female: 15 Years or over for Hungary
LRINTTFEHUA156N
Production, Sales, Work Started and Orders: Retail Trade Volume: Economic Activity: Retail Trade, Except of Motor Vehicles and Motorcycles for Hungary
HUNSARTMISMEI
Production: Construction: Total for Hungary
PRCNTO01HUQ659S
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 24 Years for Hungary (LRIN24TTHUQ156S), retrieved from FRED.