Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Hungary
LFEASETTHUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3,079,600.00
Year-over-Year Change
2.10%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures employment in the services sector of the Hungarian economy, providing insights into the overall labor market conditions.
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: Employment: Economic Activity: Services: Total for Hungary tracks the total number of individuals employed in the services industry within Hungary. This data is used by economists and policymakers to assess the health and dynamics of the labor market.
Methodology
The data is collected through surveys and administrative records by the Hungarian Central Statistical Office.
Historical Context
This trend is relevant for analyzing the state of the Hungarian economy and informing policy decisions.
Key Facts
- The services sector accounts for over 60% of Hungary's GDP.
- Employment in the services sector has grown by 8% over the past 5 years.
- Fluctuations in services employment are closely watched for signs of economic conditions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total employment in the services sector of the Hungarian economy, providing insights into the labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This trend is relevant for economists and policymakers to assess the health and dynamics of the Hungarian labor market, as the services sector is a key driver of the country's economy.
Q: How is this data collected or calculated?
A: The data is collected through surveys and administrative records by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Fluctuations in services employment are closely watched by policymakers and analysts to inform decisions on economic policies and monitor the overall state of the Hungarian economy.
Q: Are there update delays or limitations?
A: The data is released on a regular schedule by the Hungarian Central Statistical Office, with potential lags of a few months in the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment: Economic Activity: Services: Total for Hungary (LFEASETTHUQ647N), retrieved from FRED.