Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Hungary
LRUN74MAHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.29
Year-over-Year Change
17.91%
Date Range
1/1/1999 - 1/1/2025
Summary
The Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Hungary tracks the monthly unemployment rate for working-age Hungarian men. This metric is a key indicator of labor market conditions and economic performance.
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 percentage of the Hungarian male labor force between 15 and 74 years old who are unemployed but actively seeking work. It is a vital statistic for policymakers and economists analyzing the Hungarian economy and job market.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Trends in this unemployment rate inform economic forecasting and guide fiscal and monetary policy decisions.
Key Facts
- The unemployment rate for Hungarian men peaked at 11.4% in 2010.
- The rate has steadily declined since 2012, reaching 3.4% in 2022.
- Hungary's male unemployment rate is lower than the Eurozone average.
FAQs
Q: What does this economic trend measure?
A: This trend measures the monthly unemployment rate for Hungarian men aged 15 to 74 years old.
Q: Why is this trend relevant for users or analysts?
A: The male unemployment rate is a key indicator of labor market conditions and overall economic performance in Hungary.
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: Trends in this unemployment rate inform economic forecasting and guide fiscal and monetary policy decisions in Hungary.
Q: Are there update delays or limitations?
A: The data is released monthly with minimal delays, providing timely insights into the Hungarian labor market.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Male: From 15 to 74 Years for Hungary (LRUN74MAHUQ156S), retrieved from FRED.