Analysis of Supply and Demand Trends in the Labor Market as a Factor in Sustainable Development of the Region

Lyudmila S. Vereshchagina, Alla P. Vitkalova, Natalia A. Sinelnikova, Alla P. Khromenko and Natalia N. Elistratova

Chapter 41 in The Sustainable Development of the Entrepreneurial Economy in the Fifth Industrial Revolution, 2026, pp 483-494 from World Scientific Publishing Co. Pte. Ltd.

Abstract: The authors conducted a comprehensive study on labor markets at the levels of the Saratov Region, the Volga Federal District, and the Russian Federation. The research analyzed the balance between labor supply and demand, identified trends in the development of regional and national labor markets, and outlined key employer strategies for meeting human capital needs. The authors explored opportunities to mitigate the labor shortage through increased productivity and the automation of business processes. The research focuses on labor market development trends as one of the key factors ensuring sustainable growth for the national and regional economies. The research aims to examine the dynamics of labor supply and demand in the Russian Federation and the Saratov Region to identify vectors of change, factors addressing organizational staffing needs, and additional opportunities to enhance competitiveness and labor productivity. The research was based on a synthesis of academic literature, conference proceedings, official statistical data, and information from job portals. The research methodology employed dialectical, systemic, and structural-functional approaches, as well as document and statistical data analysis, comparison, generalization, and synthesis. As a result of the research, it has been substantiated that the labor shortage at national and regional levels necessitates a transition to intensive economic practices, an expansion of digitalization, and the adoption of advanced labor organization technologies. These measures will serve as a foundation for increasing productivity and enhancing competitiveness.

Keywords: Sustainable Development; Entrepreneurship; Innovation; Technology; Information Management; Organizational Behavior; Industrial Organization; Entrepreneurial Economy; Fifth Industrial Revolution; Cause-and-Effect Relationships; Fourth Industrial Revolution; Digital Technology; Industry 5.0; Operations Management; Operations Research; Supply Chain Management; Fintech; Cryptocurrency; Blockchain; Economics and Finance; Corporate Governance; Technological Environment; National Economy; State Management; Corporate Management; Agro-Industrial Complex 5.0; Fuel and Energy Complex 5.0; BRICS; EAEU; Central Asia; Social Responsibility; Digital Competitiveness; Digital Energy; Entrepreneurial Universities 5.0; Machine Learning; Cyber-Social System; Smart Company; Management of AI; Automatization; Decision-Making in Entrepreneurship; Big Data; Blockchain Finance; Robotisation Of Production; Applied Technological Solutions; Smart City; Local Entrepreneurial Economy; Modernisation; Institutes of Globalisation; E-Government; Innovative Economy; Knowledge Society; BRICS+ (search for similar items in EconPapers)
JEL-codes: L26 O33 Q01 (search for similar items in EconPapers)
Date: 2026
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