In many countries, there is a persistent gap between the skills needed in the labor market and the skills offered by the labor force. Forecasting the demand for labor with different levels of education, qualifications, and skills is a strategic and systematic process carried out by labor market actors in order to avoid possible gaps between the demand and supply of skilled labor. It allows young students, policymakers, employers, and workers to make better choices in education and training, and through institutional mechanisms and information resources leads to more efficient use of skills and human capital. Developed countries have accumulated extensive experience in planning and forecasting the possibilities of using labor with different qualifications, based on such characteristics as the level of education, qualifications, age and gender composition of the population, occupational structure, economic activity, etc. In this context, the article discusses the best practices and tools for forecasting labor demand.