Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Hungary
LREM64TTHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.10
Year-over-Year Change
32.51%
Date Range
1/1/1999 - 1/1/2024
Summary
The Employment Rate Total: From 15 to 64 Years for Hungary is a key economic indicator that measures the percentage of the working-age population in Hungary that is employed. This metric provides insight into the strength and utilization of the Hungarian labor force.
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 employment rate statistic represents the ratio of the employed population aged 15 to 64 years to the total population in the same age group in Hungary. It is a widely used metric for evaluating the overall health and utilization of the domestic labor market.
Methodology
The data is collected through comprehensive household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This employment rate trend is closely monitored by policymakers, economists, and investors to assess the performance of the Hungarian economy.
Key Facts
- The employment rate in Hungary averaged 59.4% from 2000 to 2022.
- Hungary's employment rate reached a record high of 70.3% in 2021.
- The COVID-19 pandemic caused a temporary dip in Hungary's employment rate in 2020.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Hungary measures the percentage of the working-age population in Hungary that is employed.
Q: Why is this trend relevant for users or analysts?
A: This employment rate statistic provides key insights into the overall strength and utilization of the Hungarian labor force, which is a crucial indicator of the country's economic performance.
Q: How is this data collected or calculated?
A: The data is collected through comprehensive household surveys conducted by the Hungarian Central Statistical Office.
Q: How is this trend used in economic policy?
A: This employment rate trend is closely monitored by policymakers, economists, and investors to assess the performance of the Hungarian economy and inform policy decisions.
Q: Are there update delays or limitations?
A: The employment rate data is published on a regular basis, with minimal delays, providing timely insight into the state of the Hungarian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Employment Rate Total: From 15 to 64 Years for Hungary (LREM64TTHUA156N), retrieved from FRED.