Hungary | Employment to population ratio, ages 15-24, total (%) (national estimate)

Employment to population ratio is the proportion of a country's population that is employed. Employment is defined as persons of working age who, during a short reference period, were engaged in any activity to produce goods or provide services for pay or profit, whether at work during the reference period (i.e. who worked in a job for at least one hour) or not at work due to temporary absence from a job, or to working-time arrangements. Ages 15-24 are generally considered the youth population. Development relevance: Four targets were added to the UN Millennium Declaration at the 2005 World Summit High-Level Plenary Meeting of the 60th Session of the UN General Assembly. One was full and productive employment and decent work for all, which is seen as the main route for people to escape poverty. Employment to population ratio is a key measure to monitor whether a country is on track to achieve the Millennium Development Goal of eradicating extreme poverty and hunger by 2015. And it continues to be a priority in the Sustainable Development Goal of promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Limitations and exceptions: Data on employment by status are drawn from labor force surveys and household surveys, supplemented by official estimates and censuses for a small group of countries. The labor force survey is the most comprehensive source for internationally comparable employment, but there are still some limitations for comparing data across countries and over time even within a country. Comparability of employment ratios across countries is affected by variations in definitions of employment and population. The biggest difference results from the age range used to define labor force activity. The population base for employment ratios can also vary. Most countries use the resident, non-institutionalized population of working age living in private households, which excludes members of the armed forces and individuals residing in mental, penal, or other types of institutions. But some countries include members of the armed forces in the population base of their employment ratio while excluding them from employment data. The reference period of a census or survey is another important source of differences: in some countries data refer to people's status on the day of the census or survey or during a specific period before the inquiry date, while in others data are recorded without reference to any period. Employment ratios tend to vary during the year as seasonal workers enter and leave. This indicator also has a gender bias because women who do not consider their work employment or who are not perceived as working tend to be undercounted. This bias has different effects across countries and reflects demographic, social, legal, and cultural trends and norms. Statistical concept and methodology: The employment to population ratio indicates how efficiently an economy provides jobs for people who want to work. A high ratio means that a large proportion of the population is employed. But a lower employment to population ratio can be seen as a positive sign, especially for young people, if it is caused by an increase in their education.
Publisher
The World Bank
Origin
Hungary
Records
63
Source
Hungary | Employment to population ratio, ages 15-24, total (%) (national estimate)
year value
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992 35.39
1993 31.498
1994 30.818
1995 31.254
1996 27.358
1997 28.594
1998 33.611
1999 34.909
2000 33.125
2001 30.425
2002 28.633
2003 26.651
2004 23.326
2005 21.827
2006 21.605
2007 21.091
2008 20.226
2009 18.143
2010 18.252
2011 17.978
2012 18.449
2013 20.111
2014 23.503
2015 25.658
2016 28.116
2017 28.965
2018 28.982
2019 28.519
2020 27.217
2021 27.489
2022 27.577

Hungary | Employment to population ratio, ages 15-24, total (%) (national estimate)

Employment to population ratio is the proportion of a country's population that is employed. Employment is defined as persons of working age who, during a short reference period, were engaged in any activity to produce goods or provide services for pay or profit, whether at work during the reference period (i.e. who worked in a job for at least one hour) or not at work due to temporary absence from a job, or to working-time arrangements. Ages 15-24 are generally considered the youth population. Development relevance: Four targets were added to the UN Millennium Declaration at the 2005 World Summit High-Level Plenary Meeting of the 60th Session of the UN General Assembly. One was full and productive employment and decent work for all, which is seen as the main route for people to escape poverty. Employment to population ratio is a key measure to monitor whether a country is on track to achieve the Millennium Development Goal of eradicating extreme poverty and hunger by 2015. And it continues to be a priority in the Sustainable Development Goal of promoting sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all. Limitations and exceptions: Data on employment by status are drawn from labor force surveys and household surveys, supplemented by official estimates and censuses for a small group of countries. The labor force survey is the most comprehensive source for internationally comparable employment, but there are still some limitations for comparing data across countries and over time even within a country. Comparability of employment ratios across countries is affected by variations in definitions of employment and population. The biggest difference results from the age range used to define labor force activity. The population base for employment ratios can also vary. Most countries use the resident, non-institutionalized population of working age living in private households, which excludes members of the armed forces and individuals residing in mental, penal, or other types of institutions. But some countries include members of the armed forces in the population base of their employment ratio while excluding them from employment data. The reference period of a census or survey is another important source of differences: in some countries data refer to people's status on the day of the census or survey or during a specific period before the inquiry date, while in others data are recorded without reference to any period. Employment ratios tend to vary during the year as seasonal workers enter and leave. This indicator also has a gender bias because women who do not consider their work employment or who are not perceived as working tend to be undercounted. This bias has different effects across countries and reflects demographic, social, legal, and cultural trends and norms. Statistical concept and methodology: The employment to population ratio indicates how efficiently an economy provides jobs for people who want to work. A high ratio means that a large proportion of the population is employed. But a lower employment to population ratio can be seen as a positive sign, especially for young people, if it is caused by an increase in their education.
Publisher
The World Bank
Origin
Hungary
Records
63
Source