Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Hungary
LRUN25TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
3.73
Year-over-Year Change
16.88%
Date Range
1/1/1999 - 1/1/2025
Summary
The Unemployment Rate Total: From 25 to 54 Years for Hungary measures the percentage of the Hungarian labor force aged 25 to 54 who are unemployed. This statistic provides important insights into the country's economic health and labor market dynamics.
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 series represents the unemployment rate for the prime working-age population in Hungary, a key indicator of labor market tightness and overall economic conditions. It is widely used by policymakers, economists, and market analysts to assess the strength of the Hungarian economy.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
The unemployment rate is a crucial metric for evaluating the effectiveness of economic and labor market policies in Hungary.
Key Facts
- The unemployment rate for Hungarians aged 25-54 was 3.7% as of the latest data.
- This rate has declined steadily since 2010, reflecting Hungary's economic recovery.
- The 25-54 age group accounts for the largest share of the Hungarian labor force.
FAQs
Q: What does this economic trend measure?
A: This trend measures the unemployment rate for Hungarians aged 25 to 54, providing insights into the labor market participation and economic conditions for the prime working-age population.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate for the 25-54 age group is a key indicator of the overall health of the Hungarian economy and labor market, which is crucial information for policymakers, economists, and market participants.
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 unemployment rate for the 25-54 age group is closely monitored by the Hungarian government and central bank, as it informs decision-making on economic and labor market policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, with minimal update delays, providing timely information on the state of the Hungarian labor market.
Related Trends
Ease of doing business index for Hungary
ICBUSEASEXQHUN
Interest Rates: Immediate Rates (< 24 Hours): Central Bank Rates: Total for Hungary
IRSTCB01HUM156N
Monetary Aggregates and Their Components: Broad Money and Components: M3 for Hungary
MABMM301HUM189N
Geographical Outreach: Key Indicators ATMs Per 1000 Km2 for Hungary
HUNFCAKNUM
Value of Exports to Hungary from Arkansas
ARHUNA052SCEN
Producer Prices Index: Type of Goods: Consumer Goods: Total for Hungary
PITGCG01HUQ661N
Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 25 to 54 Years for Hungary (LRUN25TTHUQ156S), retrieved from FRED.