Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Hungary
LFIN24TTHUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
664,230.20
Year-over-Year Change
1.46%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic indicator tracks the total number of persons aged 15 to 24 years who are outside the labor force in Hungary. It provides insight into youth labor market participation and inactivity.
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: Persons Outside the Labor Force Total: From 15 to 24 Years for Hungary' series measures the population of young people in Hungary who are not actively employed or seeking work. This metric is useful for analyzing trends in youth labor force engagement and assessing the availability of young workers.
Methodology
The data is collected through household labor force surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Policymakers and economists use this indicator to monitor youth labor market dynamics and inform policies aimed at promoting employment and economic participation among young Hungarians.
Key Facts
- The series is available monthly from January 2001 onwards.
- Hungary's youth outside the labor force totaled 415,000 as of the latest data point.
- The share of 15-24 year olds outside the labor force in Hungary was 24.5% in the most recent period.
FAQs
Q: What does this economic trend measure?
A: This indicator tracks the total number of persons aged 15 to 24 years in Hungary who are outside the labor force, meaning they are not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The size and trends in the youth labor force outside participation rate provide insights into youth labor market engagement, which is important for policymakers and economists analyzing labor supply and assessing workforce development needs.
Q: How is this data collected or calculated?
A: The data is collected through household labor force surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Policymakers and economists use this indicator to monitor youth labor market dynamics and inform policies aimed at promoting employment and economic participation among young Hungarians.
Q: Are there update delays or limitations?
A: The series is available monthly from January 2001 onwards with no major known limitations or update delays.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 15 to 24 Years for Hungary (LFIN24TTHUQ647S), retrieved from FRED.