ON THE DEFINITION OF «LABOR MARKET»: THE LAWER’S VIEW

Abstract

Problem setting. Labor is necessary condition of people’s life, of state and society existence. It is reflected in particular
human impact on nature, consisting in the fact that future results of labor activity recognized and defined as the goal, of
such impact.
Analysis of recent research and publications. Among the famous scholars who researched the concept and main
aspects of labor market concept are: Trubach S., Purei M. M., Bezusyi V. V., Brezinskyi V. B., Shamanska N. V.,
Vinokourova M. A., Grishnova O. A., Petyuh V. M., Akulov M. G., Libanova E. M.
Article’s main body. Freedom of labor manifested primarily in the fact that every citizen of Ukraine has the freedom
to choose: between employment and unemployment; the employment forms; forms of work organization; work functions;
work place and other work conditions.
The labor market is an integral part of the modern economy. At this type of market the labor activity receives the
evaluation, the terms of employment, the possibility of obtaining education, career, job security also defines in this market.
Therefore, labor market regulations and social protection against unemployment are important duties of the state that
build a socially oriented market economy. Such economic model allows combining a strong social policy priorities with
economic efficiency, contractual regulations of relations with centralized regulations, private property development with
existence of public sector.
Conclusions and prospects for development. Taking into account the above mention considerations it necessary to
legislate the following definition of the category: «The labor market is the system of social, labor, economic and
organizational relations arising between persons seeking for work, employees, trade unions, employers and their
organizations, entities that provide mediation in employment, state and local authorities in the field of meeting the needs
of employees in employment, but employers – in hiring employees. Such system aimed at ensuring a high level and quality
of employees’ life, their collectives and society».