TRANSFORMATION OF THE YOUTH LABOR MARKET IN THE RUSSIAN FEDERATION

Abstract

Introduction. The article examines the transformation processes in the labor market of the younger generation in the Russian Federation. The level of education, preferences and expectations of young people, and macroeconomic factors all have an impact on the employment of the younger generation, as well as on the parameters of employment and unemployment, and the resulting tension in the labor market. This creates a modern model of behavior that should be studied from all angles and on an ongoing basis. Methods. The quantitative research methods used allowed for the transformation of the youth labor market in the Russian Federation, identifying current threats. The comparative method and economic and statistical approaches allowed for the identification of patterns in the past and the prediction of future scenarios for the development of the youth labor market. Analysis. The article analyzes the level of official unemployment and the dynamics of the total workforce, the workforce by age group, the number of new and retired employees, the unemployment rate by age group, and the duration of job search by age group. The article also identifies the proportion of employed graduates, compares the employment of graduates of higher education and the employment of graduates of secondary vocational education, and provides an analysis of migration flows and population parameters in the age group of 14-35 in the Volgograd Region. Results. Young people are forced to be more mobile, which allows them to quickly find new jobs, but high unemployment rates show that young people do not stay in these jobs for long due to a lack of fit with expectations and skill levels, and as a result, they are more likely to remain unemployed, albeit for shorter periods. However, the job market is eager for young professionals, and with the right mindset and commitment to personal growth, career expectations can be met.