Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Hungary
LRUN64TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.26
Year-over-Year Change
18.50%
Date Range
1/1/1999 - 1/1/2025
Summary
The Unemployment Rate Total: From 15 to 64 Years for Hungary is a key economic indicator that measures the percentage of the labor force aged 15 to 64 in Hungary who are without jobs but actively seeking work.
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 unemployment rate statistic provides insight into the overall health of the Hungarian labor market and is closely tracked by economists, policymakers, and investors to assess economic conditions and guide policy decisions.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
The unemployment rate is a vital input for fiscal and monetary policy analysis in Hungary.
Key Facts
- Hungary's unemployment rate averaged 4.4% from 2010-2019.
- The unemployment rate peaked at 11.9% during the 2008-2009 global financial crisis.
- Women have historically had a higher unemployment rate than men in Hungary.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate Total: From 15 to 64 Years for Hungary measures the percentage of the Hungarian labor force aged 15 to 64 who are jobless but actively seeking employment.
Q: Why is this trend relevant for users or analysts?
A: The Hungarian unemployment rate is a key indicator of the overall health of the labor market and economy, providing crucial insights for policymakers, investors, and economic analysts.
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 unemployment rate is a vital input for fiscal and monetary policy analysis in Hungary, helping guide decisions on issues like interest rates, government spending, and labor market interventions.
Q: Are there update delays or limitations?
A: The unemployment rate data is published on a regular schedule, but there may be occasional delays or revisions due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 64 Years for Hungary (LRUN64TTHUQ156S), retrieved from FRED.