In Ukraine, the situation on the labor market remains difficult. According to the National Bank, in October 2024 there is an increase in the number of new vacancies compared to last year, but the number of resumes not only does not increase, but also stopped decreasing. This indicates the existence of a significant shortage of workers, which leads to an increase in wages.
In its macroeconomic and monitoring review, the National Bank noted that due to inflationary processes, the growth rate of real wages has slowed down. This means that while nominal wages may increase, the real purchasing power of workers may not improve.
Status of vacancies and staffing of companies
According to the Advanter survey, in August 2024, companies in Ukraine were staffed by an average of 71%. However, the situation has not improved since May, and here are the figures:
- 0,6% employers have more employees than needed;
- 24,6% companies are staffed;
- 20,7% have a full staff, but are looking for new employees;
- 30,8% companies experience a shortage of workers;
- 13,2% have a shortage of workers, about half of the places are vacant;
- 10,1% face a critical shortage, up to 60% of places are vacant.
According to forecasts of the International Labor Organization, over the next 10 years, the deficit in the labor market of Ukraine will amount to 8.6 million people. However, the Ministry of Economy estimates this figure to be lower - 4.5 million people. Today, about 10.5 million people are officially employed in Ukraine.
