Regional Economics: Theory and Practice

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Labor market in the context of modernization of Uzbekistan's national economy

Vol. 17, Iss. 7, JULY 2019

Received: 18 February 2019

Received in revised form: 18 March 2019

Accepted: 15 April 2019

Available online: 15 July 2019


JEL Classification: J1, J2, J4

Pages: 1286–1297

Khudaiberdiev Z.R. Namangan Regional Branch of Independent Institute for Monitoring of Civil Society Formation, Namangan, Republic of Uzbekistan

Subject This article deals with the issues of effective functioning of the labor market. It examines its socio-economic and demographic dimensions.
Objectives The article aims to study the main aspects and indicators of the Uzbek labor market in the transition economy and develop theoretical and practical recommendations on its efficient functioning.
Methods For the study, I used the methods of scientific abstraction, analysis and synthesis.
Results The article describes important and appropriate approaches to dealing with the issue of effective labor market organization.
Conclusions The labor market is permanent during a certain period of the economic cycle, when the supply and demand for labor are not proportional and do not correspond to each other.

Keywords: labor market, labor resources, demographic situation, formal and informal employment


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