Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Hungary
LREM24TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
27.01
Year-over-Year Change
-0.32%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the employment rate for individuals aged 15 to 24 in Hungary, providing insights into youth labor market participation.
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 employment rate for those aged 15 to 24 is a key indicator of labor market opportunities and outcomes for young workers in the Hungarian economy. It is used by economists and policymakers to assess the effectiveness of programs and policies aimed at promoting youth employment.
Methodology
The data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Trends in youth employment are closely monitored by economic analysts and policymakers to inform decisions on workforce development and social policies.
Key Facts
- The employment rate for Hungarians aged 15-24 was 34.4% in 2021.
- Youth employment in Hungary has steadily increased since the global financial crisis.
- Providing education and training opportunities is a key policy focus for boosting youth employment in Hungary.
FAQs
Q: What does this economic trend measure?
A: This trend measures the employment rate for individuals aged 15 to 24 in Hungary, providing insights into youth labor market participation.
Q: Why is this trend relevant for users or analysts?
A: The youth employment rate is a key indicator of labor market opportunities and outcomes for young workers, and is closely monitored by economists and policymakers to inform decisions on workforce development and social policies.
Q: How is this data collected or calculated?
A: The data is collected through national labor force surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: Trends in youth employment are used by economic analysts and policymakers to assess the effectiveness of programs and policies aimed at promoting youth employment and workforce development.
Q: Are there update delays or limitations?
A: The data is subject to the timeliness and frequency of the underlying labor force surveys conducted by the Hungarian government.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 24 Years for Hungary (LREM24TTHUQ156S), retrieved from FRED.