Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Hungary
LFUNTTTTHUQ647S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
205,100.40
Year-over-Year Change
19.60%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the total unemployment rate for individuals aged 15 and over in Hungary. It provides crucial insights into the labor market conditions and overall economic health of the country.
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: 15 Years or over for Hungary is a key indicator used by economists and policymakers to assess the strength of the Hungarian labor force and identify potential areas for policy intervention.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This unemployment trend is closely monitored by the Hungarian government, the European Union, and international organizations to inform economic and labor market policies.
Key Facts
- The latest reported unemployment rate in Hungary is X.X%.
- Unemployment in Hungary has decreased/increased by Y% over the past Z years.
- The Hungarian labor force comprises approximately A million workers.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total unemployment rate for individuals aged 15 and over in Hungary, providing insights into the overall labor market conditions.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of economic health and labor market performance, making this trend crucial for policymakers, economists, and investors in assessing the state of the Hungarian economy.
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, the European Union, and international organizations closely monitor this unemployment trend to inform economic and labor market policies.
Q: Are there update delays or limitations?
A: The unemployment data is typically released on a monthly or quarterly basis, with some potential for minor delays in data reporting.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Total: 15 Years or over for Hungary (LFUNTTTTHUQ647S), retrieved from FRED.