Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Hungary
LRUN24TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
13.58
Year-over-Year Change
28.73%
Date Range
1/1/1999 - 1/1/2025
Summary
This economic trend measures the unemployment rate for individuals aged 15 to 24 in Hungary. It provides important insights into the labor market and economic opportunities for young workers.
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 Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Hungary tracks the percentage of the labor force aged 15 to 24 who are unemployed. This metric is a key indicator of economic health and can inform policy decisions related to youth employment and education.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
This trend is widely used by policymakers, economists, and international organizations to assess the labor market conditions and economic prospects for young adults in Hungary.
Key Facts
- Hungary's youth unemployment rate averaged 18.4% from 2010 to 2020.
- The unemployment rate for 15-24 year olds is typically higher than the overall unemployment rate.
- Reducing youth unemployment is a key policy priority for the Hungarian government.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for individuals aged 15 to 24 in Hungary. It provides insights into the labor market conditions and economic opportunities for young workers.
Q: Why is this trend relevant for users or analysts?
A: The youth unemployment rate is a crucial indicator of economic health and can inform policy decisions related to education, training, and job creation for young adults.
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: Policymakers, economists, and international organizations use this trend to assess the labor market conditions and economic prospects for young adults in Hungary, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be occasional delays in the release of the latest figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 24 Years for Hungary (LRUN24TTHUQ156S), retrieved from FRED.