MACROECONOMIC ANALYSIS OF THE LABOR MARKET IN WARTIME CONDITIONS

Abstract

The article examines the labor market as one of the most important segments of the national market, which reflects the coordination of economic activities among all entities and has a decisive impact on the overall functioning of the economy. Analyzing its essence and structure enables the assessment of the factors and mechanisms upon which its effective functioning depends. It has been determined that labor, which serves as the object of purchase and sale in this segment of the national market, is currently the most dynamic resource, shaping the economic potential of the country and acting as a key factor in economic growth. Today, the labor market is facing its greatest challenge – the war – which imposes its own conditions and realities. It is important to note that this resource has not been adequately utilized in our socio-economic development, and there is now an acute problem of its preservation. The article states that the ongoing trend of population decline in Ukraine affects the number of potential workers. A primary task is to address issues related to the formation of labor force potential and the creation of opportunities for effective structuring, in order to ensure stable development and effective reproduction in the future. The study, analysis, and assessment of the degree of influence of key factors on the modern labor market is of significant importance in the economy of the country. For many years, the labor market in Ukraine has developed more complicatedly than other segments of the national market. Since the onset of war, the situation in this segment has become drastically more difficult, and the negative impact is only intensifying. This, in turn, affects the functioning of other segments of the national market and the national economy as a whole. A characteristic feature of the labor market has always been and continues to be the complexity of its structure, which influences the patterns of development. At this stage, when the economy operates under wartime conditions, all the disparities that were characteristic of the labor market have become particularly acute, and are now further exacerbated. This article focuses on the main issues related to the formation and functioning of this most specific economic resource: labor. Today, this poses a serious challenge for our economy. Addressing these disparities is crucial for the restoration of a fully functional labor market in the post-war period.