Transformation of the labor market in modern economic conditions: strategies and tools

Abstract

The labor market, like any other market, is influenced by the economic situation developing in the economy. At the same time, its condition, key fgures characterizing it, serve to brightly indicating the general socio-economic state of society, and to signal the emergence, deepening and increase of various issues associated with the growth of social tension in society. The paper summarizes various approaches to the defnition and characterization of the labor market, it also gives a comprehensive analysis of trends, magnitude and dynamics of changes in various factors affecting the current state of the labor market, the specifcs of the employment distribution among the population and the direction of transformation of the labor market. The considered aspects and factors radically change the traditional relations that have developed in the labor market. The changes taking place in the labor market affect both working conditions and, directly, working practice, changes in which are manifested in the disappearance of certain professions and the emergence of new ones, what, on the one hand, can lead to multidirectional fluctuations in the unemployment rate, and on the other hand, to an increase in the qualifcation requirements for potential employees. The current situation presupposes the adoption of urgent measures for various economic agents to organize their coordinated activities in order to control and regulate the relationships developing in the labor market wherein the determining role is assigned to state authorities.