During 2020, it can already be confirmed with confidence that the negative socioeconomic expectations and trends of both covid-19 and the military events in Artsakh had a reliable and expected multifactorial impact on the development of employment and the labor market in the Republic of Armenia. Firstly, the economy reacted unfavorably to the two events with certain restraints, negative expectations were formed, then direct and actual impacts on socio-economic indicators were recorded. In parallel with the above expectations and statistical trends, the Government of the Republic of Armenia has implemented and is currently launching new programs of state support for employment and the labor market, some changes in the policy of program support.
Issues in the field of employment basically predetermine both the current trends in
the economic development of any country and long-term expectations. Therefore, the
analysis of employment indicators and their qualitative and quantitative assessment form
sufficient practical grounds for an objective and scientific solution to the problems of
economic activity of the population. In this article, the indicators characterizing the
employment market of the territorial units of the Republic of Armenia, including the city of
Yerevan, were analyzed, using econometric models. And the relationship and interaction
between macroeconomic indicators and employment indicators were evaluated. The results of the analysis show that, according to territorial units, both employment indicators and other macroeconomic indicators in Armenia are highly polarized, and positive trends in economic development are manifested mainly in Yerevan and Syunik regions. The results
of econometric models "economic growth - reduction of unemployment", in turn, reveal
the gap between the capital and the regions in terms of reducing unemployment.
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