Labor market tension as an indicator of economic security of the region

Abstract

Labor market conditions play special role in ensuring the economic security of the country and its individual territories. On the one hand, the state of labor market has a direct impact on the level of well-being of the population and the degree of their social security, the dynamics of real production and labor productivity. On the other hand, labor market indicators are characterized by a high sensitivity to existing threats of a social, economic and demographic nature. The COVID 19 pandemic and the introduction of anti-Russian sanctions have caused serious transformations that have led to an increase in tension and formation of n the new hotbeds of vulnerability in the labor market. Examining tension as the indicator of economic security of the region, this article highlights the threats that arise as a result of imbalance in the regional labor market (open unemployment, stagnant unemployment. Along with this, the article considers factors that increase stress.