Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Hungary
LFEM74TTHUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4,707,100.00
Year-over-Year Change
0.79%
Date Range
1/1/1999 - 1/1/2025
Summary
The 'Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Hungary' measures the total number of employed individuals aged 15 to 74 in Hungary, providing insights into the country's labor market dynamics.
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 employment level for the Hungarian population aged 15 to 74 years old. It is a key indicator used by economists and policymakers to assess the overall state of the labor force and identify employment trends within the working-age population.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Policymakers and analysts utilize this employment trend to inform economic and labor market policies.
Key Facts
- Hungary's total employment for ages 15-74 was 4.75 million in 2021.
- The employment rate for this age group was 69.7% in 2021.
- Employment levels have steadily increased in Hungary since the early 2010s.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employed individuals aged 15 to 74 years old in Hungary, providing insights into the country's overall labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: This employment trend is a key indicator used by economists and policymakers to assess the state of the Hungarian labor force and identify employment patterns within the working-age population.
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 and analysts utilize this employment trend to inform economic and labor market policies in Hungary.
Q: Are there update delays or limitations?
A: The data is released on a regular basis, but there may be some delays in the publication of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Total: From 15 to 74 Years for Hungary (LFEM74TTHUQ647S), retrieved from FRED.