Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Hungary
LRUN74TTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.23
Year-over-Year Change
19.35%
Date Range
1/1/1999 - 1/1/2025
Summary
The Unemployment Rate Total: From 15 to 74 Years for Hungary measures the percentage of the Hungarian labor force between 15 and 74 years old who are without jobs but actively seeking work. This key economic indicator helps policymakers assess labor market conditions and guide employment policies.
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 Unemployment Rate is a widely-used metric that reflects the overall health of a country's labor market. It represents the proportion of the total labor force that is jobless but actively seeking employment. This data series focuses specifically on the 15-74 age group in Hungary, providing insights into the employment status of working-age citizens.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
Unemployment rates are closely tracked by policymakers, economists, and market analysts to gauge economic performance and inform decisions.
Key Facts
- Hungary's unemployment rate was 3.4% as of the latest data.
- The unemployment rate has declined steadily since the global financial crisis.
- Youth unemployment (ages 15-24) remains higher than the overall rate.
FAQs
Q: What does this economic trend measure?
A: The Unemployment Rate Total: From 15 to 74 Years for Hungary measures the percentage of the Hungarian labor force between 15 and 74 years old who are without jobs but actively seeking work.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of labor market health and economic performance, helping policymakers and analysts assess the state of the Hungarian economy.
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: Unemployment rates are closely tracked by policymakers to gauge economic conditions and inform decisions on employment, fiscal, and monetary policies.
Q: Are there update delays or limitations?
A: The data is published on a regular basis, but there may be some delays in the release of the most recent figures.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: From 15 to 74 Years for Hungary (LRUN74TTHUQ156S), retrieved from FRED.