Economic cycles and the labor market: opportunities of using crises in the leading indicators system

Abstract

The paper raises questions about the timeliness of anti-crisis measures taken by the government in Belarus. Particular attention is paid to the possibility of using some indicators of the labor market functioning as predictive indicators of macrodynamics. Within the framework of the problem of cycling, some conceptual issues of diagnosing the phases of the cycle, signs of the onset of a crisis phase in the labor market have been raised. Statistical data of Belarus for 2015 – 2022 were subjected to statistical and econometric analysis.