Infra-Annual Labor Statistics: Unemployment Total: From 15 to 74 Years for Hungary
LFUN74TTHUQ647N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
212,800.00
Year-over-Year Change
19.22%
Date Range
4/1/1998 - 1/1/2025
Summary
This economic trend measures the total unemployment rate for individuals aged 15 to 74 in Hungary. It provides important insights into the country's labor market dynamics and overall economic conditions.
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 Total: From 15 to 74 Years for Hungary trend tracks the unemployment rate among working-age individuals in the country. This metric is widely used by economists and policymakers to assess the health of the labor market and inform economic policy decisions.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is closely monitored by the Hungarian government, central bank, and international organizations to evaluate the effectiveness of economic and labor market policies.
Key Facts
- Hungary's unemployment rate reached a high of 11.9% in 2010.
- The unemployment rate for women is typically higher than for men in Hungary.
- The COVID-19 pandemic led to a spike in Hungary's unemployment rate in 2020.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 to 74 in Hungary, providing insights into the country's labor market dynamics.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of economic health and labor market conditions, which is why this trend is closely monitored by policymakers, economists, and investors.
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: The Hungarian government, central bank, and international organizations use this trend to evaluate the effectiveness of economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, which means there may be some delay in the availability of the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: From 15 to 74 Years for Hungary (LFUN74TTHUQ647N), retrieved from FRED.