Analyzing Regional Labour Market in Conditions of Today’s Challenges

Labour market plays a top-priority role in ensuring sustainable social and economic development of the region. In conditions of today’s challenges, such as economic sanctions, global transformations in employment, speeding-up of digitalization and demographic changes the need to adapt regional labour markets is extremely topical. The south of Russia with unique combination of agrarian, industrial and recreation potential is facing a number of specific problems in the field of employment. Labour market of the South Federal District and the North-Caucasian Federal District demonstrate both adaptation opportunities and serious challenges. Lately labour market of the south region shows changes in the structure of demand for work force, unemployment rise in some regions, personnel shortage in leading industries and high migration mobility of people. These factors shall be analyzed comprehensively and effective measures of response shall be elaborated. The goal of the research is to identify key trends and factors influencing labour market in the south of Russia and put forward possible ways of raising its sustainability. The research is based on data of the Federal Service of State Statistics, regional bodies of employment, information and analytical resources and findings of social surveys. The research used methods of economic and statistical analysis to study factor dynamics that characterize labour market and comparative analysis to collate figures of labor market with all-Russian and inter-regional data.