Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Hungary
LRUN55TTHUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.00
Year-over-Year Change
-3.23%
Date Range
4/1/1998 - 1/1/2025
Summary
This economic trend measures the unemployment rate for individuals aged 55 to 64 in Hungary. It provides valuable insights into the labor market participation and challenges faced by older workers in the country.
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 Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Hungary tracks the percentage of the labor force aged 55 to 64 who are without jobs but actively seeking employment. This metric is closely monitored by economists and policymakers to understand the dynamics of the older worker segment of the labor market.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is used to inform labor market policies and social programs aimed at supporting older workers and promoting active aging.
Key Facts
- The unemployment rate for Hungarians aged 55-64 was 3.8% in 2021.
- Hungary's older worker unemployment rate is lower than the OECD average.
- The employment rate for Hungarians aged 55-64 has steadily increased in recent years.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for individuals aged 55 to 64 in Hungary, providing insights into the labor market participation of older workers.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely monitored by economists and policymakers to understand the dynamics of the older worker segment of the labor market and inform policies supporting active aging.
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 trend is used to inform labor market policies and social programs aimed at supporting older workers and promoting active aging in Hungary.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with some potential for delays in data reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 55 to 64 Years for Hungary (LRUN55TTHUQ156N), retrieved from FRED.