Multidisciplinary Journal of Science and Technology

LABOR IN REDUCING UNEMPLOYMENT AND EMPLOYMENT OF THE POPULATION: THE ROLE OF THE MARKET

AZIMOVA XURSHIDA BAHODIROVNA

Keywords: Labor market, Unemployment, Employment, Workforce, Economic growth, Wage flexibility, Labor mobility, Government policy, Technological advancements, Full employment

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Abstract

This article examines the critical role of labor markets in reducing unemployment and increasing employment opportunities within a population. By analyzing market mechanisms, such as demand and supply of labor, wage flexibility, and labor mobility, the study highlights how an efficient labor market can foster economic growth and social stability. The paper also discusses the impact of government policies, education, and technological advancements on the labor market's capacity to absorb the workforce. Through a comparative analysis of different economies, the research identifies best practices and challenges in optimizing labor market functions to achieve full employment.

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