Assessment of the current state of the labor market in Smolensk Region

In the context of rapidly changing external environment, regional labor markets also change a lot. Identifying the directions of this transformation is very important: to develope strategies for the economic evolution of the region and to ensure the well-being of the population. Purpose: to assess the current state of the labor market in Smolensk region. Methodology: The study was based on data of the territorial body of the Federal State Statistics Service for the Smolensk Region. Statistical methods were used to conduct the study. Tabular and graphical methods were used to present the obtained results. Results: The labor market of Smolensk region begins to function in new conditions. Unemployment has decreased to its lowest values. After a long period of time, the movement of workers between companies has increased significantly. The number of jobs offered has exceeded the similar indicator of the previous periods. Practical implications: the obtained results can be applied in the work of the employment service of Smolensk region to inform employers and population, as well as when lecturing and having practical classes in economics. The order of reactions to disadvantageous economic conditions remains stable. The softening of economic and social shocks occurs mainly due to a reduction in workers’ wages.