Number of Persons Engaged for Hungary
EMPENGHUA148NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.71
Year-over-Year Change
14.56%
Date Range
1/1/1970 - 1/1/2019
Summary
The 'Number of Persons Engaged for Hungary' metric tracks the total number of individuals employed or self-employed in the Hungarian economy. This key indicator provides insight into the overall health and size of the labor force.
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 series measures the total number of persons engaged in economic activity in Hungary, including both employees and self-employed individuals. It is a valuable indicator of labor market conditions and overall economic performance for policymakers and analysts.
Methodology
The data is collected through surveys of businesses and households by the Hungarian Central Statistical Office.
Historical Context
The number of persons engaged is closely monitored by the Hungarian government and the European Union to inform economic and labor market policies.
Key Facts
- Hungary's number of persons engaged peaked at 4.7 million in 2019.
- The metric declined during the COVID-19 pandemic, dropping to 4.5 million in 2020.
- Employment levels in Hungary have gradually recovered since 2020.
FAQs
Q: What does this economic trend measure?
A: The 'Number of Persons Engaged for Hungary' metric tracks the total number of individuals employed or self-employed in the Hungarian economy.
Q: Why is this trend relevant for users or analysts?
A: This key indicator provides insight into the overall health and size of the Hungarian labor force, which is crucial for policymakers and economists analyzing the country's economic conditions.
Q: How is this data collected or calculated?
A: The data is collected through surveys of businesses and households by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: The number of persons engaged is closely monitored by the Hungarian government and the European Union to inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published regularly by the Hungarian Central Statistical Office, with some potential for short delays in reporting.
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Citation
U.S. Federal Reserve, Number of Persons Engaged for Hungary (EMPENGHUA148NRUG), retrieved from FRED.