ECONOMIC TRENDS OF THE YOUTH LABOR MARKET IN UZBEKISTAN

Kalandar ABDURAKHMANOV

PhD in Economics, Professor, Tashkent Branch of G.V. Plekhanov Russian University of Economics

kalandar.abdurakhmanov1@gmail.com

Nodira ZOKIROVA

PhD in Economics, Professor, Tashkent Branch of G.V. Plekhanov Russian University of Economics

Abstract

The relevance of the study, confirmed by the growing scientific interest in the topic of youth employment in the labor market, is increasing in the context of the new paradigm of innovative development of the national economy in Uzbekistan. The feasibility of studying the economic aspects of the youth labor market development is determined by the high birth rate and the growing unmet demand of the population for educational services. It is obvious that the problem of ensuring the affordability of quality higher education as the main factor in the employment of young people in Uzbekistan is complicated and multidimensional. It is important to explore trends, formulate ways to develop the youth labor market and create a system for monitoring the compliance of the educational market offer with the employers’ demands in the labor market. This article is aimed at assessing the current realities, predicting the prospects for the foreseeable future, justifying the ways and specific measures to create irreversible conditions for the convergence of science, education and the real economy in the labor market of Uzbekistan.

Keywords: Unemployment, labor market, youth, education, employment

JEL classification: J00, J01, J08, J2, J20, J4, J40, J6, J60, J7, J70, J8, J80
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