Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Hungary
LFIN55TTHUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
307,300.00
Year-over-Year Change
-17.94%
Date Range
4/1/1998 - 1/1/2025
Summary
This economic trend measures the number of people aged 55 to 64 years old who are outside the labor force in Hungary. It provides insights into labor market participation and workforce dynamics among older adults.
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 55 to 64 Years for Hungary' series tracks the population of Hungarians aged 55 to 64 who are not actively employed or seeking work. This data is useful for analyzing labor force trends and informing policies related to retirement, workforce participation, and economic activity among older workers.
Methodology
The data is collected through household labor force surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is relevant for policymakers, labor economists, and market analysts seeking to understand labor market dynamics and workforce participation in Hungary.
Key Facts
- Hungary's 55-64 age group outside the labor force totaled 1.2 million in 2021.
- Labor force participation among older Hungarians has increased in recent years.
- Policies aimed at extending working lives can impact this economic trend.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of people aged 55 to 64 years old 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: This data provides insights into labor market participation and workforce dynamics among older adults in Hungary, which is crucial for informing policies related to retirement, workforce participation, and economic activity.
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: This trend is relevant for policymakers, labor economists, and market analysts seeking to understand labor market dynamics and workforce participation in Hungary.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, so there may be some delay in the most recent updates.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Total: From 55 to 64 Years for Hungary (LFIN55TTHUQ647N), retrieved from FRED.