CURRENT STATUS, MAIN TRENDS AND DIRECTIONS OF LABOR MARKET STABILIZATION IN UKRAINE AND CHERKASY REGION
The article provides a comprehensive assessment of the state and trends of the labor market in Ukraine and the Cherkasy region. The general situation in the labor market of Ukraine and the Cherkasy region in 2015-2022 has been considered. General and special indicators of population employment, u...
| Main Authors: | , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Universytet imeni Alfreda Nobelya
2023-06-01
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| Series: | Akademičnij Oglâd |
| Subjects: | |
| Online Access: | https://acadrev.duan.edu.ua/images/PDF/2023/2/4.pdf |
| Summary: | The article provides a comprehensive assessment of the state and trends of the labor market in
Ukraine and the Cherkasy region. The general situation in the labor market of Ukraine and the Cherkasy
region in 2015-2022 has been considered. General and special indicators of population employment,
unemployment, demand and supply of labor force have been studied. The analysis has been carried out
according to the articles of the section, professional groups and areas of employment.
It has been established that forced migration and the need to relocate enterprises due to hostilities
have changed the structure of the labor market in Ukraine, the structure of supply and demand for jobs,
and the saturation of specialists in the regions. In the regions most affected by the military aggression
of the russian federation, the number of jobs and competition has decreased. The imbalance between
the demand and supply of labor has become significant. Demand for labor has plummeted due to the
inability to work in war zones, declining demand for goods and services and logistical problems and
uncertainty about the future. The results of the analysis of the number of unemployed indicate that both
in the Cherkasy region and in Ukraine as a whole, the number of people who could not realize their
right to work and receive wages (remuneration) as a source of livelihood is growing. In 2019-2021, it
was affected by the self-isolation regime, and in 2022 by military operations.
It has been determined that the level of registered unemployment in the Cherkasy region in
2015-2021 was always higher than in the whole country. The ratio between the number of registered
unemployed, the number of vacancies and the number of applicants for one vacancy, by type of
economic activity as of January 1, 2023 in the Cherkasy region has been established. In addition to that
the authors have established a change in the approach to hiring employees. More applicants for one
vacancy allow employers to increase the requirements for applicants and reduce wages. Accordingly,
a certain number of employees are ready to change their profession, find additional work, and accept
lower wages.
As we can see, there are signs of an employer-dominated labor market. Measures to stabilize
the internal labor market at the state and regional levels have been proposed. Further on, the paper
identifies trends that Ukrainians should expect on the labor market in the coming years. Finally, the
authors specify industries and professions that will be in the list of high demand jobs in future and
whose development will help the Ukrainians to adapt to changes and find themselves in a professional
realization to restore or the restore the state after the victory. |
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| ISSN: | 2074-5354 2522-9745 |