Current labor market development trends in the context of the economic security of the state

Abstract

In modern economic conditions, issues related to the changes that have taken place in the labor market in the context of the economic security of the state are becoming important. Ensuring a sufficient level of economic security of the state directly depends on the state of the labor market, structural changes and trends in its functioning, and the level of flexibility and adaptability to new socio-political conditions. The article aims to study modern trends in the development of the labor market in the context of the state's economic security. The authors analyzed the approaches to defining the essence of the «labor market» concept, which made it possible to systematize this category's scientific and methodological approaches. The article examines issues that highlight the situation in the Ukrainian labor market during the transformation of socio-economic processes and analyzes the impact of changes in the trends of the key parameters of the functioning of the labor market on the state's economic security. The analysis was carried out based on data from the State Statistics Service of Ukraine, the Ministry of Economy of Ukraine, and the National Bank of Ukraine, which made it possible to determine the main trends in the development of the labor market, identify challenges that affect the formation of the labor potential of the economy, establish indicators of the level of economic security of the country and its components, which take into account indicators of the state and efficiency of the labor market. The authors characterized the labor market in martial law conditions in Ukraine, which made it possible to outline the main consequences and peculiarities of its functioning. The labor market should play a special role in ensuring the country's economic security during wartime. The article substantiates the need to implement measures in the labor market field. In particular, it is necessary to pay attention to the issues of successfully overcoming destructive processes in the demographic development of the population, increasing the level and quality of employment of the population, which will contribute to the improvement of economic, social, and labor relations in the country, and in the perspective of the formation of the effective and sufficient labor potential aimed at restoring the economy, the social infrastructure of the country and maintaining a high level of economic security of the state.