Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Hungary
LFAC25TTHUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,609,971.00
Year-over-Year Change
-2.04%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Hungary' measures the size of the prime working-age population in the Hungarian labor force. This metric is a key indicator of economic activity and workforce participation.
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 data series tracks the total number of Hungarians aged 25 to 54 who are actively employed or seeking work. It provides a detailed view of a crucial segment of the labor market, which is widely used by economists and policymakers to analyze workforce trends and inform economic policy decisions.
Methodology
The data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Policymakers and analysts rely on this metric to monitor employment, labor market participation, and broader economic conditions in Hungary.
Key Facts
- The labor force in Hungary aged 25-54 is over 4 million people.
- The participation rate for this age group is around 85%.
- The data is released on a quarterly basis by the Hungarian government.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the total number of Hungarians aged 25 to 54 who are actively employed or seeking work, providing a detailed view of a crucial segment of the labor market.
Q: Why is this trend relevant for users or analysts?
A: This metric is a key indicator of economic activity and workforce participation, widely used by economists and policymakers to analyze employment trends and inform economic policy decisions in Hungary.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and analysts rely on this metric to monitor employment, labor market participation, and broader economic conditions in Hungary, which informs policy decisions.
Q: Are there update delays or limitations?
A: The data is released on a quarterly basis by the Hungarian government, with a typical delay of several weeks.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 25 to 54 Years for Hungary (LFAC25TTHUQ647S), retrieved from FRED.