Employment and Unemployment as A Subject of State Regulation of The Labor Market in Azerbaijan

Eltun Ibrahımov
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Eltun Ibrahımov: Doctor of Philosophy in Economics, Associate Professor, Nakhchivan State University

International Journal of Latest Technology in Engineering, Management & Applied Science, 2024, vol. 13, issue 9, 101-105

Abstract: The level of employment and unemployment are important macroeconomic indicators in order to characterize the effect of the economic policy implemented in the Republic of Azerbaijan and the degree of economic development of the country. The high level of unemployment in the economy causes various complications, which negatively affects the state of socio-economic progress. It is appropriate to consider a number of directions in the field of state regulation of employment and unemployment. These are the regulation of the demand and development for workplaces, the implementation of a successful state policy in the field of education, vocational training and personnel retraining. In the study of the scientific basis of employment issues, it is selected due to the importance of maintaining the continuity of workplaces and regulating its market relations based on the relevance of objective development laws. In this field, it is also worth noting the need for specialization. Measures in the field of policy regulation in the direction of employment and unemployment mostly act as efficiency indicators of the state's social policy as well. Implementation of various projects, representation of people from relevant classes in those projects and other necessary issues carry the strategic essence of employment-oriented social policy.

Date: 2024
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