Harmonized Unemployment: Monthly Levels: Aged 25 and over: All Persons for Hungary
Monthly, Not Seasonally Adjusted
LFHUADTTHUM647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164,000.00
Year-over-Year Change
8.61%
Date Range
1/1/1995 - 11/1/2023
Summary
This economic indicator measures the total civilian labor force participation rate on a monthly basis without seasonal adjustments. It is a key metric for understanding labor market dynamics and workforce 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
The civilian labor force participation rate tracks the proportion of the civilian non-institutional population that is either employed or actively seeking work. This unadjusted figure provides unfiltered insight into workforce participation patterns and can inform economic and policy decisions.
Methodology
The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Historical Context
Policymakers and analysts use this metric to assess the strength and availability of labor supply in the economy.
Key Facts
- The civilian labor force participation rate was 62.2% in January 2023.
- Participation rates vary significantly by age, gender, and other demographic factors.
- The unadjusted rate can exhibit more volatility than the seasonally adjusted figure.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the percentage of the civilian non-institutional population that is either employed or actively seeking work, without seasonal adjustments.
Q: Why is this trend relevant for users or analysts?
A: The unadjusted labor force participation rate provides unfiltered insight into workforce engagement patterns, which is crucial for understanding labor market dynamics and informing economic and policy decisions.
Q: How is this data collected or calculated?
A: The data is collected through the Current Population Survey conducted by the U.S. Census Bureau on behalf of the Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the strength and availability of labor supply in the economy, which informs decisions on economic and workforce policies.
Q: Are there update delays or limitations?
A: The data is released monthly, but the unadjusted rate can exhibit more volatility than the seasonally adjusted figure due to the lack of seasonal adjustments.
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DDAI02HUA643NWDB
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CPGDFD02HUA657N
Harmonized Index of Consumer Prices: Transport Services for Hungary
CP0730HUM086NEST
Hourly Earnings: Earnings: Economic Activity: Manufacturing: Total Economy for Hungary
LCEAMN01HUQ661S
Bank Deposits to GDP for Hungary
DDOI02HUA156NWDB
Harmonized Index of Consumer Prices: Accommodation Services for Hungary
CP1120HUM086NEST
Citation
U.S. Federal Reserve, Monthly, Not Seasonally Adjusted (LFHUADTTHUM647N), retrieved from FRED.