Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Hungary
LRIN64TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.22
Year-over-Year Change
-6.88%
Date Range
1/1/1999 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Hungary measures the percentage of the working-age population in Hungary that is not employed or actively seeking work. This indicator provides insights into labor force participation and potential economic productivity.
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 economic trend represents the inactivity rate for individuals aged 15 to 64 in Hungary, including those who are neither employed nor actively seeking work. It is a key measure of labor market engagement and can inform policy decisions related to workforce development and economic growth.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
The inactivity rate is closely monitored by policymakers and economists to assess the utilization of a country's human capital and identify areas for potential labor force participation improvements.
Key Facts
- The inactivity rate in Hungary was 33.1% as of the latest data.
- Hungary's inactivity rate has declined by 4 percentage points over the past decade.
- Increasing labor force participation is a key economic priority for the Hungarian government.
FAQs
Q: What does this economic trend measure?
A: The Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Hungary measures the percentage of the working-age population in Hungary that is not employed or actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: This indicator provides insights into labor force participation and potential economic productivity, which are important considerations for policymakers and economists.
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 inactivity rate is closely monitored by policymakers and economists to assess the utilization of a country's human capital and identify areas for potential labor force participation improvements.
Q: Are there update delays or limitations?
A: The data is published on an infra-annual basis, with the latest figures typically available within a few months.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Inactivity Rate Total: From 15 to 64 Years for Hungary (LRIN64TTHUQ156S), retrieved from FRED.