Infra-Annual Labor Statistics: Monthly Unemployment Rate Male: 15 Years or over for Hungary
Annual, Not Seasonally Adjusted
LRHUTTMAHUA156N • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.43
Year-over-Year Change
-60.27%
Date Range
1/1/1996 - 1/1/2024
Summary
This economic trend measures the annual, not seasonally adjusted unemployment rate in Hungary. It provides important insights into the country's labor market dynamics and informs economic policymaking.
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 annual, not seasonally adjusted unemployment rate in Hungary is a key indicator of the country's overall employment conditions. It represents the percentage of the labor force that is jobless, providing a broad view of labor market health and economic performance.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is closely monitored by policymakers, economists, and investors to assess the strength of the Hungarian economy.
Key Facts
- Hungary's annual unemployment rate averaged 5.5% from 2010 to 2020.
- The highest annual unemployment rate in Hungary was 11.9% in 2010.
- The lowest annual unemployment rate in Hungary was 3.4% in 2019.
FAQs
Q: What does this economic trend measure?
A: This trend measures the annual, not seasonally adjusted unemployment rate in Hungary, which represents the percentage of the labor force that is jobless.
Q: Why is this trend relevant for users or analysts?
A: The annual, not seasonally adjusted unemployment rate in Hungary is a key indicator of the country's labor market health and economic performance, informing policymaking and investment decisions.
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 closely monitored by policymakers, economists, and investors to assess the strength of the Hungarian economy and inform economic policy decisions.
Q: Are there update delays or limitations?
A: The annual, not seasonally adjusted unemployment rate data for Hungary is subject to the timeliness and accuracy of the household surveys conducted by the Hungarian Central Statistical Office.
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Citation
U.S. Federal Reserve, Annual, Not Seasonally Adjusted (LRHUTTMAHUA156N), retrieved from FRED.