Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Hungary
LFAC55TTHUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
857,338.00
Year-over-Year Change
13.44%
Date Range
1/1/2003 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Hungary tracks the size of the Hungarian labor force aged 55 to 64 years. This metric is crucial for economists and policymakers to understand workforce dynamics and demographic trends.
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 represents the total labor force participation rate for Hungarians aged 55 to 64 years old. It is an important indicator of workforce aging, retirement patterns, and the potential labor supply in the Hungarian economy.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Policymakers use this metric to assess the impact of retirement and employment policies on the older workforce.
Key Facts
- The labor force participation rate for Hungarians aged 55-64 was 51.7% in 2021.
- Participation in this age group has increased by 9 percentage points since 2010.
- Older workers make up 25% of Hungary's total labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total size of the labor force in Hungary for individuals aged 55 to 64 years old.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for understanding workforce dynamics, demographic trends, and the potential labor supply in the Hungarian economy.
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: Policymakers use this metric to assess the impact of retirement and employment policies on the older workforce in Hungary.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with the most recent figures available within a few months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Total: From 55 to 64 Years for Hungary (LFAC55TTHUQ647S), retrieved from FRED.