Employment and Labour Market Development in Nordic and Baltic States

Abstract

Employment is the main factor influencing welfare of the population. The scientific problem of this research is to identify the interrelation between employment development and labour market development and to foresee measures for increase of employment on a regional level. Seeking to solve this problem, it was made an analysis of the concepts of employment and labour market as well as EU unemployment policies. Empirical research was conducted on the base of Eurostat data on employment using method of multivariate statistical analysis. The results of the research, provided in this paper, show the changes employment and share of self employment in the period 2000-2013 in NUTS2 level regions of Nordic and Baltic countries EU member states. The recommendations provided in this paper offer ways to increase of employment in rural areas in regions investigated.