Infra-Annual Labor Statistics: Unemployment Male: From 15 to 74 Years for Hungary
LFUN74MAHUA647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
118,625.00
Year-over-Year Change
-54.74%
Date Range
1/1/1999 - 1/1/2024
Summary
This economic trend measures the unemployment rate among Hungarian men aged 15 to 74 years. It provides valuable insights into the labor market and is closely monitored by policymakers.
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: Unemployment Male: From 15 to 74 Years for Hungary trend tracks the percentage of unemployed Hungarian men within a specific age range. This metric is an important indicator of the country's economic health and labor force dynamics.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is widely used by economists, policymakers, and market analysts to assess labor market conditions and inform economic policy decisions.
Key Facts
- Hungary's male unemployment rate was 3.5% in 2021.
- The trend has shown a decline in male unemployment since the global financial crisis.
- Monitoring this metric is crucial for evaluating the effectiveness of labor market policies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate among Hungarian men aged 15 to 74 years. It provides insights into the country's labor market and workforce participation.
Q: Why is this trend relevant for users or analysts?
A: This trend is closely watched by policymakers, economists, and market analysts as it offers valuable insights into the health of the Hungarian labor market and can inform economic policies and business decisions.
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 use this trend to assess the effectiveness of labor market policies and to inform decisions on employment, workforce development, and economic stimulus measures.
Q: Are there update delays or limitations?
A: The data is published on a regular schedule, but there may be occasional delays or revisions due to the survey-based methodology.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Male: From 15 to 74 Years for Hungary (LFUN74MAHUA647S), retrieved from FRED.