Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Hungary
LRUNTTTTHUQ156S • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
4.17
Year-over-Year Change
17.89%
Date Range
1/1/1999 - 1/1/2025
Summary
The Unemployment Rate Total: 15 Years or over for Hungary tracks the percentage of the Hungarian labor force aged 15 and above who are actively seeking work but unable to find jobs.
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 monthly economic indicator provides insight into the overall health of the Hungarian labor market and is closely monitored by economists and policymakers to assess employment conditions and guide economic policies.
Methodology
The data is collected through household surveys conducted by the Hungarian Central Statistical Office.
Historical Context
The unemployment rate is a key metric used to evaluate the performance of the Hungarian economy and inform decisions around fiscal and monetary policies.
Key Facts
- Hungary's unemployment rate averaged 3.9% from 2010-2020.
- The rate peaked at 11.9% in 2010 during the global financial crisis.
- Unemployment in Hungary has steadily declined since 2012.
FAQs
Q: What does this economic trend measure?
A: This trend measures the percentage of the Hungarian labor force aged 15 and above who are actively seeking work but unable to find jobs.
Q: Why is this trend relevant for users or analysts?
A: The unemployment rate is a key indicator of the overall health of the Hungarian labor market and economy, and is closely monitored by economists and policymakers.
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 is used to evaluate the performance of the Hungarian economy and inform decisions around fiscal and monetary policies.
Q: Are there update delays or limitations?
A: The data is published monthly with a relatively short lag, providing timely insight into labor market conditions.
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Citation
U.S. Federal Reserve, Infra-Annual Labor Statistics: Unemployment Rate Total: 15 Years or over for Hungary (LRUNTTTTHUQ156S), retrieved from FRED.