Abstract

The article is about determination of specificity of COVID-19 impact on labor market. Data of international organizations of labors was analyzed, remarkable issues were reported which Ukrainian labor market faced with. As well as dynamics of the main Ukrainians consumer sentiment were analyzed. Concluded that after the overcoming crisis, cause by Covid-19, on labor market, there will be a requirement to get additional labor and to expand the job opportunities. Along with this, decided that workers, that have skills in working with artificial intelligence, cloud calculations, cybersecurity, virtual reality, etc are in demand. The influence of pandemic caused batch of following changes on the domestic level: a real shortage of workplaces in Ukraine, a raise of unemployment; a decline of foreign workers; a downfall in population’s income. Most of workers are interested in having a more flexible work schedule, an increased amount of vacation, as well as getting mental support after isolation and limitations on social contact, receiving a compensation in money equivalent to pay utility bills, which are connected to work from home, - which are all causes of a fast switching to distance format of work. Fast development of e-commerce, shifting of doing online business and usage of different Internet platforms were determined. It was also noticed, that COVID-19 pandemic had a significant negative effect on the majority of business structures and the functioning of the labor market. It led to decrease in people’s income and growth in the shadow employment sector and hidden unemployment. In future, digitalization processes and application of modern technologies will become the vectors of the labor market development. Further anti-crisis actions have to be aimed at developing new methods to fight pandemic and support business. Government police should not be limited with social support for the poor. It should be aimed at stimulating the development of business structures and the country in general.

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