LABOUR MARKET IN UKRAINE UNDER THE INFLUENCE OF A YEAR OF FULL-SCALE WAR

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Published: Apr 30, 2024

  Olha Cheromukhina

Abstract

The main purpose of this research article is a comprehensive study of the transformational impact of a full-scale war on the labour market, with a special focus on the challenges posed by labour force dynamics in the context of the Ukrainian economy. Through rigorous analysis and empirical research, the paper aims to identify and highlight the multifaceted changes that occur in the labour market during conflict, shedding light on the complex relationship between war-induced factors and the composition of the labour force. By examining these dynamics, the paper aims to make a valuable contribution to policy and strategic decision-making aimed at mitigating the negative effects of war on the labour market, which will ultimately contribute to sustainable economic recovery and development after the conflict ends. Methodology. This research article uses secondary analysis of data from the State Employment Service, as well as the results of surveys conducted by sociological groups and consulting companies. The practical implementation of the conclusions outlined in this article involves the formulation of targeted recommendations aimed at improving the effectiveness of state policy on the labour market in Ukraine, in particular, with a focus on the restoration of human resources in the post-conflict period. Drawing on the findings of a comprehensive analysis of war-induced labour market changes, these practical recommendations aim to offer actionable strategies for policy makers and stakeholders. Emphasising the need for rapid and adaptive interventions, the authors call for evidence-based decision-making to address the identified challenges. The practical implementation of these recommendations aims to guide the development and implementation of policies that will not only mitigate the immediate impact of the war on the labour market, but also contribute to the long-term sustainability and stability of the Ukrainian labour force. Value/Originality. Current trends in the labour market are analysed. The main threats to the labour market of Ukraine and the impact on the supply and demand of labour under martial law are identified. The author proposes to regulate the professional and qualification imbalance in the labour market through the system of advanced training or retraining of employees seeking employment in a profession in demand in the economy; spreading new forms of employment and supporting self-employment; investing in the creation of new jobs with decent conditions and remuneration.

How to Cite

Cheromukhina, O. (2024). LABOUR MARKET IN UKRAINE UNDER THE INFLUENCE OF A YEAR OF FULL-SCALE WAR. Three Seas Economic Journal, 5(1), 96-101. https://doi.org/10.30525/2661-5150/2024-5-15
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Keywords

labour market, the Russian-Ukrainian war, unemployment, challenges, threats and dangers of wartime

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