Employment Trends and Macroeconomic Interactions

Abstract

The paper analyses employment and other labor market indicators, as well as it dwells upon the effects of the other macroeconomic trends in the Republic of Armenia. The ARIMA - high-flexibility model of the integrated time-regression floating average methodology was used to predict employment rate. Comparisons were made between regional countries as well as other developed and developing economies. The research focuses on the issues of the state employment policy, as well as the recent crisis phenomena caused by the COVID-19 pandemic, and attempts to give guidelines for solving the problems raised. The paper presents the developments in the labor market of the Republic of Armenia in the medium term, based on the results obtained. It highlights the priorities of the Republic of Armenia in the field of employment and the ways of their implementation.