Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 74 Years for Hungary
LFIN74MAHUA647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
944,950.00
Year-over-Year Change
-30.79%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the number of men aged 15 to 74 in Hungary who are considered outside the labor force. It provides insights into labor market participation and workforce 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
The 'Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 74 Years for Hungary' series tracks the population of working-age Hungarian men who are not actively employed or seeking work. This metric is used by economists and policymakers to analyze labor force trends and labor market conditions.
Methodology
This data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Historical Context
The trend is relevant for understanding employment patterns, labor force participation, and potential economic growth or constraints.
Key Facts
- Hungary's working-age male population outside the labor force was 1.47 million in 2021.
- The trend has declined from a peak of 1.57 million in 2016.
- Labor force participation rates are a key indicator of economic activity and potential growth.
FAQs
Q: What does this economic trend measure?
A: This trend measures the number of men aged 15 to 74 in Hungary who are considered outside the labor force, meaning they are not actively employed or seeking work.
Q: Why is this trend relevant for users or analysts?
A: The trend provides insights into labor market participation and workforce dynamics, which are crucial for understanding employment patterns, economic growth potential, and policy implications.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: This trend is used by economists and policymakers to analyze labor force trends and labor market conditions, which can inform decisions related to employment, economic growth, and social policies.
Q: Are there update delays or limitations?
A: The data is reported on an infra-annual basis, so there may be some delay in the most recent updates. Additionally, the survey-based nature of the data may have some limitations in capturing the full scope of the working-age male population outside the labor force.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Persons Outside the Labor Force Male: From 15 to 74 Years for Hungary (LFIN74MAHUA647N), retrieved from FRED.