LABOR MARKET REGULATION: FINANCIAL AND ECONOMIC MECHANISM

The purpose of the article is to study theoretical and practical aspects relating to the financial and economic mechanism of regulation of the labor market. It is noted that labor market regulation is a set of measures aimed at ensuring the stability and efficiency of the labor market. Labor market regulation may include various measures, such as improving minimum wage legislation, creating programs to improve the skills of workers, as well as providing support to the unemployed through social programs and feasible assistance in finding a job. Additionally, labor market regulation may include measures to ensure gender equality, protect workers' rights and develop national-level employment strategies. Based on the results of the study, it was established that the financial and economic mechanism for regulating the labor market includes various instruments, such as fiscal and monetary policy, social programs and legal regulation, which jointly affect employment, wage levels and working conditions. According to experts, the financial and economic mechanism for regulating the labor market in Ukraine has its advantages, such as state support for the unemployed through the assistance system, but also has disadvantages, in particular low wages, mass migration of labor and corruption, which complicates the stability of the labor market. It is also concluded that the labor market has four main aspects of regulation: flexibility, social responsibility, stability and innovation. These aspects, taking into account the results of previous studies, form the foundation for improving the financial and economic mechanism for regulating the labor market. In the future, it is recommended to study the impact of tax incentives and government employment programs on the economy and labor market in Ukraine, as well as consider the impact of technological innovations and international economic agreements on employment.