Lesik Iryna, PhD in Economics, Associate Professor, Associate Professor of Economic Theory and Social Sciences Department, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0003-1225-7594
e-mail: lesik@mnau.edu.ua

Vilkhovatska Anzhelika, Applicant for Higher Education of Accounting and Finance Faculty, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

e-mail: angelikalove21@gmail.com

Lesik Maksym, Applicant for Higher Education of Management Faculty, Mykolayiv National Agrarian University, Mykolayiv, Ukraine

ORCID ID: 0000-0003-4450-0034
e-mail: maks.lesik.2002@gmail.com

The Impact of Unemployment on the Socio-Economic Development of the Country

Introduction. Problems of unemployment are typical for every country, regardless of its stage of development, but this socio-economic phenomenon becomes critical when it covers all spheres of society and reaches a significant scale. Studying the concept of unemployment as a socio-economic phenomenon, it should be noted its relationship with the level of income of the working population, including the realization of the right to work and receive remuneration for their physical and mental abilities, in the form of wages, with further satisfaction of their own needs. In turn, the concept of wages as a source of livelihood establishes a dangerous dependence into which not only the wage-earner but also the family members under his care find themselves. In so doing, it exacerbates the significant discrepancy between wages and the needs of the population.

Objective. The purpose of this study is to examine the impact of unemployment on the socio-economic level of development; analysis of the dynamics of the economically active population, the factors that affect the spread of unemployment, the definition of future directions of the economic potential development of the country.

Results. In the course of writing the article, the main categories of the research topic have been studied. Analytical assessment of the state and dynamics of the economically active population, in recent years in Ukraine, confirmed the relevance of the topic and identified factors affecting the spread of unemployment, including income levels, which was considered as the average monthly wage by region and simultaneously as GDP per capita purchasing power parity, for comparative characteristics among Eastern European countries. The studied world experience in combating unemployment identified approaches, taking into account national features of market economy, among which: monitoring of labor market, improvement and creation of modern services to combat unemployment; control of working conditions and timely payment of appropriate wages and several other measures can be part of the conceptual approach that can have a positive impact on the leveling of problems and risks associated with unemployment.

Conclusions. The study of opportunities and prospects that can guarantee social security and economic stability, determining the indicator of the well-being of the nation, requires constant monitoring, taking into account the variability of the influence of external and internal factors.

Keywords: unemployment; economy; society; income; social tension; national security.

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