Modernization of the state labor market policy as a factor in overcoming the socio-economic crisis in Ukraine

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The relevance of the research topic is determined by the need to overcome the crisis of the Ukrainian labor market based on balancing state employment policy with other areas of social and economic policy, coordinated use of its tools aimed at forming a system of modern science-intensive jobs that meet the EU latest achievements and standards, especially in information and communication as well as digital economy. The purpose is to analyze the causes of the crisis in the domestic labor market, identify its climate dependence on the main macroeconomic and other factors and develop new approaches to the content and toolset of modern state employment policy. The processes in the labor market, their trends and driving forces are the study object. The research used methodological provisions of Keynesian and other theories and concepts of employment, graphical and correlation analysis, content analysis, classification-analytical and statistical-analytical methods. It has been proved that it is necessary to develop the internal market (by raising the incomes of the population) and raise the innovation-investment framework of employment based on increasing the reliability of the banking system, participation of the population in the stock market operations, develop non-governmental pension funds, credit unions, create real barriers against the money outflow, stimulate export activity of Ukrainian producers at the expense of competitive products with high added value. The use of the directions and instruments proposed in the article to modernize the state employment policy will help to overcome the labor market crisis, increase the population well-being, economic growth, and the country’s entry into the trajectory of sustainable socioeconomic development.

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    • Figure 1. Динаміка рівня зайнятості населення віком 15–70 років, обсягів капітальних інвестицій та доходів населення (у цінах 2000 р.)
    • Figure 2. Динаміка рівня зайнятості населення віком 15-70 років та обсягу експорту товарів і послуг