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How the labor market is changing in 2024: NBU explanation

 How the market is changing labor in 2024: explanation of the NBU

The number of new vacancies has increased.

In Ukraine on the labor market from the beginning In 2024, the number of new vacancies increased, there were more of them than in 2021, that is, before the full-scale invasion of the Russian Armed Forces. At the same time, the number of resumes is significantly less than the indicators for 2022-2023.

This is evidenced by data from the macroeconomic and monetary review of the National Bank.

“This may indicate that business is significantly “has adapted to military conditions and needs personnel for further resumption of activity. But the supply of labor is limited by migration and mobilization,” the report says.

As surveys show, most of the population has a job, and the number of people without work has decreased significantly compared to the beginning of a full-scale war. Thus, at the beginning of 2024, according to surveys, enterprises subsequently noted an increase in the shortage of both qualified and unskilled workers.

Earlier, the State Statistics Service reported that the general trend of wage growth in Ukraine continues. , which started back in 2023. The wages of the population, despite the war and challenges to the economy, continue to increase.

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