The labor market as a component of the economic security system of Ukraine

Purpose. Analysis of importance of the labor market (LM) as a component of economic security (ES) and establishing the specifics of the impact of the labor market on economic security in crisis conditions. Methodology. The study used the following methods: comparative-statistical method – to assess the significance of influence of LM-indicators on ES; analysis and synthesis – to establish the need to reduce the time of ES-assessment; comparison – to identify the LM influence as a complex component of ES; critical analysis – to identify directions of change in the methodology of ES-assessment and establish that the value of the rate of change indicators should be significant for the level of ES. Findings. Comparison of the rate of change in indicators of the ES-index and their importance provides the possibility of ranking threats according to the level of danger. New threats to ES, which are due to threats to LM, have been identified. The level of correlation of institutionally implemented indicators of LM with the level of ES is lower than the level of correlation of other indicators of LM, the correlation of which with other macroeconomic indicators at the same time is significant. The peculiarities and features of LM as a component of ES are determined. Originality. It is indicated that the rate of change in the ES-index indicator forms a new type of ES-threat. It is indicated that changes in external influences have increased the complex significance of threats of LM for ES and determine the need to include this component in the calculation of the ES-index. Practical value. The proposed approach creates the basis for relevant determination of the level of ES and for prompt directing of efforts and resources to eliminate serious threats of ES.