Abstract

One of the basic macroeconomic phenomena - indicators of any economy - is the labor market situation and the issue of employment, since they imply questions of national importance - migration, as well as the problem of survival of small nations in the extreme. Although the Republic of Serbia is a candidate for membership in the European Union for more than five years, it has a large number of demands and goals that have to be achieved in order to become a member of the Union. Certainly one of them is macroeconomic stability, which is difficult to achieve with high unemployment rates - in the working age population (15,9%, 2016), and with an almost 2.20 times higher rate of youth unemployment (45%, 2016.). The paper will present the problem of youth unemployment in Serbia and the phenomenon of brain drain, as well as, some proposals for measuring and soloving the unemployment problems will be given. Also, the authors will present comparative analysis of the (un)employment in Serbia from the beginning of the crisis, and projections of the labor force by year 2020. The authors will point out the 2020 Strategy, in the segment related to the expectations concerning the labor marketalong with the employment rate target and suggestions to reach them, stressing that the adoption of the National Qualifications Framework is a necessity in order to synchronize the labor market of the Republic of Serbia, both internally and with the European Qualifications Framework.

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