Statistical analysis of factors influencing the level of employment

Abstract

Employment is an important indicator characterizing the overall functioning of the country’s economy. The most commonly analyzed indicators in the study of employment are the employment rate and the unemployment rate. A high unemployment rate may indicate an insufficient number of workplaces in the economy or the presence of a significant proportion of the population unable to work. Depending on the cause of unemployment, appropriate measures should be taken to stimulate job growth or support social programs. It is important to understand what factors can influence employment. Therefore, this paper examines the relationship between employment and economic, social and demographic factors, including GDP, average wages and migration. Economic statistics methods are used to estimate employment.

Keywords

• population
• employment level
• gdp
• average wage level
• migration