Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for Hungary
LRAC55FEHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
64.93
Year-over-Year Change
88.19%
Date Range
1/1/1999 - 1/1/2024
Summary
The Labor Force Participation Rate Female: From 55 to 64 Years for Hungary measures the percentage of Hungarian women aged 55 to 64 who are employed or actively seeking work. This trend is a key indicator of labor market dynamics and economic activity among older workers.
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
This series tracks the share of Hungarian women aged 55 to 64 who are participating in the labor force, either employed or actively looking for a job. It provides important insights into labor market engagement and workforce participation for this demographic group.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is used by policymakers and economists to assess employment patterns and labor force trends among older female workers in Hungary.
Key Facts
- The labor force participation rate for Hungarian women aged 55-64 was 49.4% in 2021.
- Hungary's rate is lower than the OECD average of 61.4% for this age group.
- Participation rates have risen in Hungary over the past decade as pension reforms encouraged later retirement.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of Hungarian women aged 55 to 64 who are employed or actively seeking work, providing insights into labor market engagement for this demographic group.
Q: Why is this trend relevant for users or analysts?
A: This trend is an important indicator of employment patterns and workforce participation among older female workers in Hungary, which is relevant for policymakers, economists, and labor market analysts.
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: This trend is used by policymakers and economists to assess employment dynamics and labor force participation among older women in Hungary, which can inform policy decisions related to retirement, labor market, and workforce development.
Q: Are there update delays or limitations?
A: There may be some delays in the availability of the most recent data, as it depends on the publication schedule of the Hungarian Central Statistical Office.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Female: From 55 to 64 Years for Hungary (LRAC55FEHUA156N), retrieved from FRED.