Labour Force Regional Index As A Holistic Measure For Labour Market Evaluation

There are a lot of indicators that depict the situation of the labour market that consider its various aspects in individual manner, like following: the rate of employment, the monthly salary and other indicators, but there can’t be easily found an example of indicator that would show the picture in its entirety, combining it’s aspects. That would be useful, for example, when doing comparisons between regions of the same country. In order to elaborate such an indicator was used Republic of Moldova as an example. As source of primary data on labour force characteristics was used the National Bureau of Statistics of Moldova. In this paper we propose a composite index called Labour Force Regional Index (LAFORI Index), created through normalization and combination of the indicators that refer to aspects of labour force like the share of NEET group, the rate of employment, average monthly salary, average amount of the expenditures on work accidents per victim of work accidents. The article was developed within the framework of 23.70105.0807.10T Project for Young Researchers ”Development of new working models in the context of post-pandemic consequences and strengthening of job-specific skills for occupations and areas of smart specialization in the Republic of Moldova”.