Labor Market In Pandemic: Challenges To Sustainable Development

Abstract

The article discusses the current state of the labor market of Russia, which allows you to identify the dynamics of unemployment. It is emphasized that the level of economy emergency is different in different regions of the country, which is determined by the stability and balance of regional economic systems, the ability to respond to external shocks, therefore the degree of negative impact on the labour market in different regions also fluctuates depending on the built-in adaptability, the effectiveness of economic policy. The ratio of the industrial production index and the growth rate of unemployment during the pandemic period and the pace of unemployment changes in the regions are analysed. A regression model is presented, and it has been shown that the variation of the number of unemployed by more than 70% is determined by the influence of the level of GDP and salary. Anti-crisis measures to support employment and income contributed to the support of demand, GDP. The article emphasizes that the regulatory measures in the long term should be focused on adapting the structure and subjects of the labor market to post pandemic conditions, digitalization formats. At the same time, emphasis is necessary for employment programs, their promotion, new partnership mechanisms and improving approaches to the effectiveness of anti-crisis measures in the labour market.

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This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.

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Publisher

European Publisher

First Online

25.09.2021

Doi

10.15405/epsbs.2021.09.02.302

Online ISSN

2357-1330