Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Hungary
LRAC64TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
78.78
Year-over-Year Change
2.03%
Date Range
1/1/1999 - 1/1/2025
Summary
The Labor Force Participation Rate Total: From 15 to 64 Years for Hungary measures the percentage of the Hungarian population aged 15-64 that is actively engaged in the labor market, either employed or seeking work.
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 metric provides insight into the overall economic activity and labor market dynamics within Hungary. It is a key indicator used by economists and policymakers to assess the health and utilization of the working-age population.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is widely tracked by financial analysts, researchers, and government agencies to inform economic policy decisions.
Key Facts
- The labor force participation rate in Hungary was 68.3% as of the latest data.
- Hungary's rate is below the OECD average of 72.1% for the 15-64 age group.
- The participation rate has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the working-age population in Hungary (ages 15-64) that is either employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The labor force participation rate is a key indicator of the overall health and utilization of a country's working-age population, providing insight into economic activity and labor market dynamics.
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 and economists use this trend to assess the labor market, inform policy decisions, and evaluate the effectiveness of employment initiatives.
Q: Are there update delays or limitations?
A: The data is updated on a regular schedule, though there may be a lag of several months between the reference period and the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 64 Years for Hungary (LRAC64TTHUQ156S), retrieved from FRED.