Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Hungary
LRUN74MAHUA156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.55
Year-over-Year Change
-59.90%
Date Range
1/1/1999 - 1/1/2024
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Hungary tracks the unemployment rate for Hungarian men aged 15 to 74. This key labor market indicator provides insight into the economic and employment conditions within Hungary.
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 data series measures the percentage of the Hungarian male labor force aged 15 to 74 who are unemployed but actively seeking work. It is a critical macroeconomic indicator used by policymakers, economists, and analysts to assess the overall health and trends within the Hungarian labor market.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
The unemployment rate is closely monitored by the Hungarian government and central bank to inform economic and labor policies.
Key Facts
- Hungary's male unemployment rate averaged 4.6% from 2010-2020.
- The unemployment rate for Hungarian men peaked at 7.8% in 2010.
- Unemployment among Hungarian men has steadily declined since 2010.
FAQs
Q: What does this economic trend measure?
A: This data series tracks the unemployment rate for Hungarian men aged 15 to 74, providing insight into the overall health of the country's labor market.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a crucial indicator of economic and labor market conditions, and is closely monitored by policymakers, economists, and analysts to inform decisions and policies.
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 Hungarian government and central bank use this unemployment rate data to assess the state of the labor market and inform economic and labor policies.
Q: Are there update delays or limitations?
A: The data is released on an infra-annual basis, with some potential for delays in data collection and publication.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Hungary (LRUN74MAHUA156S), retrieved from FRED.