Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Hungary
LRAC74TTHUQ156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
68.20
Year-over-Year Change
2.87%
Date Range
4/1/1998 - 1/1/2025
Summary
The Labor Force Participation Rate (LFPR) measures the proportion of the working-age population that is employed or actively seeking work. It is a key economic indicator used to assess the utilization of a country's labor resources.
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 LFPR for Hungary covers the population aged 15-74 and provides insights into the overall labor market engagement and economic activity in the country. Economists and policymakers monitor this metric to understand workforce trends and labor market dynamics.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
The LFPR is used to inform labor and economic policies aimed at promoting employment and workforce participation.
Key Facts
- The LFPR in Hungary was 58.8% in 2021.
- The LFPR for women in Hungary was 50.9% in 2021.
- Hungary's LFPR has remained relatively stable over the past decade.
FAQs
Q: What does this economic trend measure?
A: The Labor Force Participation Rate (LFPR) measures the proportion of the working-age population that is employed or actively seeking work in Hungary.
Q: Why is this trend relevant for users or analysts?
A: The LFPR is a key indicator of labor market engagement and economic activity, providing insights into workforce utilization and labor market dynamics in Hungary.
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 LFPR is used to inform labor and economic policies aimed at promoting employment and workforce participation in Hungary.
Q: Are there update delays or limitations?
A: The LFPR data for Hungary is published on a regular basis, with minimal update delays.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Labor Force Participation Rate Total: From 15 to 74 Years for Hungary (LRAC74TTHUQ156N), retrieved from FRED.