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The role of labor market structure and shocks for monetary policy in Kazakhstan

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  • Published: 12 November 2021
  • Volume 16 , pages 179–210, ( 2022 )

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  • Alisher Tolepbergen   ORCID: orcid.org/0000-0003-3804-938X 1  

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In this paper , we study the role of labor market structure and shocks for monetary policy in Kazakhstan employing a New Keynesian model with labor market rigidities. We estimate the model using Bayesian techniques to identify labor market shocks that are important for monetary policy-making. The estimation results suggest that shocks to the bargaining power of workers explain most of the output and inflation fluctuations. Thus, it should be closely monitored by the central bank. In addition, we examine to what extent different labor market characteristics affect the transmission of monetary policy. The results show that a more flexible wage-setting process improves the transmission mechanism. A monetary policy shock translates faster to inflation. Furthermore, we find that the relevance of other features of the labor market for the transmission of monetary policy shocks is limited.

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Supplementary file1 (XLSX 26 KB)

See Tables  2 and 3 .

See Tables  4 and 5 .

To obtain quarterly proxy for number of vacancies in the economy, we employ available yearly data for vacancies and employment from 2001 to 2019. We assume that hiring activity is closely related to labor market condition in a country. Therefore, we regress yearly vacancy growth on yearly employment growth to obtain parameters via OLS. The regression follows:

where \(\Delta {v}_t\) is the growth rate of vacancies, \(\Delta {n}_t\) is the growth rate employment, and \(e_t \overset{iid}{\sim } N(0, \sigma ^2)\) . Next, we take the coefficient, \(\beta\) =4.57, to estimate quarterly growth rate of vacancies

Here, superscript, q , denotes quarterly series. Then, we fill these estimates for quarterly growth rate of vacancies in between each corresponding yearly series of vacancies. Hence, we obtain a quarterly proxy for number of vacancies in the economy.

See Figs. 4 , 5 , 6 .

figure 4

Priors and posteriors

figure 5

See Figs. 7 , 8 , 9 , 10 , 11 , 12 and 13

figure 7

Year-on-year inflation

figure 9

Nominal interest rate

figure 10

Unemployment

figure 11

Hours worked

figure 12

See Table 6 and Fig. 14

figure 14

Data (black) vs. one-sided predicted values from the model (blue)

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Tolepbergen, A. The role of labor market structure and shocks for monetary policy in Kazakhstan. IJEPS 16 , 179–210 (2022). https://doi.org/10.1007/s42495-021-00073-2

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Received : 05 October 2021

Accepted : 25 October 2021

Published : 12 November 2021

Issue Date : February 2022

DOI : https://doi.org/10.1007/s42495-021-00073-2

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Modern Diplomacy

A Post-Crisis Kazakhstan: Economic and Social Transformation

Artem Dankov

Preconditions for protests

The deepening gap between what can be seen as economic successes and the low quality of life that a majority of the population has to endure, coupled with a super-concentration of national wealth in the hands of the elite and a resource-based economy that depends on large international companies and the situation on the world market, seem to have become the principal social and economic preconditions for the powerful protests that gripped Kazakhstan in January 2022.

Following a major transformative crisis after the collapse of the Soviet Union, Kazakhstan banked on developing production and exports of mineral resources, reviving its economy and achieving impressive successes—a trend assisted by a wealth of mineral resources, plenty of foreign investment, and a favorable situation on the global market. Still, average wages and income in Kazakhstan are significantly lagging behind countries of Eastern Europe or Russia, which follow a similar development trajectory. Apart from low wages and income, high unemployment (about 5%) and self-employment (in the 3 rd quarter of 2021, Kazakhstan had 2.13 million self-employed persons) stand in the way of securing sustainable economic growth. The income of a large chunk of the population lasts them no more than from payday to payday, which means they are forced to take out loans, thus increasing the population’s debt burden.

Kazakhstan’s uneven socioeconomic development is particularly manifested if broken down by region. Unemployment remains highest in the south of Kazakhstan, in Almaty and Shymkent, as well as in the region of Turkistan. More than half of the self-employed are also concentrated in the south. Besides, Kazakhstan is faced with a rather urgent housing problem. Over 2.5 million people, or 14% of the entire population, need better housing—at year-end 2020, per capita housing was only 22.6 square meters. Again, broken down by region, the situation is the worst in the densely populated south. For instance, per capita housing is 17 square meters in the Jambyl Region, 18.7 square meters in the Turkistan Region, 20.2 square meters in the Amlaty Region, and 20 square meters in Almaty. Additionally, over 40% of those who dwell in Kazakhstan’s large cities are renters. The pandemic of COVID-19 has exacerbated the situation for many Kazakhstanis. Loss of employment, illness and death of their relatives, growing prices for goods and services have all served to aggravate the already difficult socioeconomic situation. For instance, rental prices in Almaty grew by 30% in 2020–2021.

Civil activity’s three factors: NGOs, blood ties, and extremists

The January protests in Kazakhstan manifested an extensive geographic reach while developing at a breakneck pace. During a couple of days—literally—rallies and riots spread over 10 regions, with some of the regional authorities losing control of the situation. The post-Soviet period in Kazakhstan saw a number of network structures emerge, ones that provided the basis for the population’s rapid self-organization during the riots, nationwide.

First, there is a network of non-governmental organizations, which have sprung up in every region over the last 30 years. The government’s data suggests that some 22,000 NGOs were registered in Kazakhstan as of 2020; of them, 16,000 were quite active, involving hundreds of thousands of people in their activities.

Second, blood ties remain truly strong in Kazakhstan, particularly in the south and in the west, which allows for a rapid rallying of friends and the entire extended family in case such a need arises.

Third, a network of underground Islamist groups has shaped up in Kazakhstan over the last 10–15 years. Some of them became actively involved in the attacks on law enforcement and authorities.

Besides, Kazakhstan has an extensive network of criminal and semi-criminal organized groups. Almaty and its Region are crime-ridden, with Kazakhstan’s every fourth crime committed there. In total, the south of Kazakhstan—where the heaviest rioting took place— accounts for some 43% of the crimes committed across the country. Almaty and Shymkent, the largest cities in the south, are mired with the highest per capita crime rates.

What is more, Kazakhstan’s south is an area of complicated inter-ethnic relations. Over the last ten years, it saw a few dozens of inter-ethnic conflicts, with some of them turning into major clashes and resulting in casualties. For instance, in 2015, Kazakhs had a conflict with Tajiks in the region of Turkistan; in 2016, a similar situation happened with Meskhetian Turks in the Jambyl Region, while another clash in the Jambyl region unfolded in 2020, this time with the Dungans.

Land reform rallies of April–May 2016 provided an example of a large nation-wide protest. Despite a prohibition from the authorities, about 20,000 people in a dozen Kazakhstani cities took part in the protests, while most of these cities came to be the centers of anti-governmental rallies in January, 2022. Another example can be provided by the rallies in Nur-Sultan and Almaty following the announcement of the 2019 presidential elections’ outcome.

In any case, January 2022 witnessed an attempt to ride the wave of a spontaneous popular protest and use it to achieve political objectives. A whimsical mixture of citizens driven to despair, political activists and radicals, Islamists, criminals, and fringe elements of all stripes provided the right mixture for the “Molotov cocktail” that blew up Almaty and a number of other regional centers in Kazakhstan.

Consequences of the January 2022 events

For Kazakhstan, a transformation of its economic model should become the crucial consequence of the January rioting. Kazakhstan’s post-Soviet economic model rested on several principles. This includes a prioritized concentration on the extractive sector, primarily its oil- and gas-producing industry, where foreign companies play the leading role; a policy aimed at attracting more foreign investment, which used to be truly multi-vector as the U.S., some of the European nations, China, and Russia invested in Kazakhstan; and a large quasi-governmental sector with Nur-Sultan Nazarbayev’s family controlling most valuable of the assets, either directly or indirectly. Despite the declared adherence to a neoliberal course throughout the post-Soviet period, the state remained Kazakhstan’s largest employer.

The first signs of this model failing manifested themselves in the late 2000s. By 2015, Kazakhstan achieved major successes, though: it was the second-largest economy in the post-Soviet space, catching up with Eastern European states in its economic development. The World Bank has it that the GDP by PPP in Kazakhstan (USD 25,877) in 2015 was comparable to the figures for Poland (USD 26,135), higher than in such EU states as Latvia (USD 24,286), Croatia (USD 21,880), Romania (USD 21,403), and Bulgaria (USD 17,512). By the late 2010s, the situation had changed, and Kazakhstan’s pace of development significantly slowed down. According to the World Bank , Kazakhstan’s GDP by PPP in 2020 was USD 26,729, significantly below the figures for Latvia (USD 32,019), Croatia (USD 28,504), and Romania (USD 31,946), and only somewhat higher than those of Bulgaria (USD 24,367). Over the last 15 years, Kazakhstan has passed through two economic crises (in 2007–2008 and in 2014–2015), which resulted in a threefold devaluation of the national currency. At the same time, Kazakhstan is facing price increases, reduced volumes of construction, industrial manufacturing and foreign trade, and a plethora of social issues. The pandemic has delivered another serious blow to the economy.

Today, Kazakhstan is going through an acute crisis of its economic model, whose foundations still include expanding mineral resource exports and developing the consumer sector domestically. Along with many post-Soviet states (Russia, Azerbaijan, and Turkmenistan) that have large mineral deposits, Kazakhstan in the 2000s, amid explosively growing hydrocarbon prices, built a resource-based economic model that allowed it to achieve impressive success.

However, the resource super-cycle concluding at the global markets, economic crisis in Russia, and China and EU economies slowing down closed the chapter on developing this model. The main objective as of today is developing non-resource exports, privatizing state and quasi-state economic sectors, increasing population’s income, creating market niches at old markets and tapping new markets. During the transformation of the economic model, influence enjoyed by the family of Kazakhstan’s first president on the economy will gradually decrease, while large foreign companies (primarily, Western ones) will retain their standing, and Russian corporations will increase their influence in Kazakhstan.

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Youth Labor Market in Kazakhstan: Who is in Demand, and Who is Left On The Sidelines?

«Despite the fact that youth unemployment in Kazakhstan is at a relatively low level, a large number of young people face certain barriers. The problem of the labor market in Kazakhstan is associated both with the imbalance of labor resources and employment opportunities as well as their quality », – Anna Alshanskaya stated, a senior researcher at the Kazakhstan Institute for Strategic Studies under the President of the Republic of Kazakhstan, a participant of the CABAR.asia School of Analytics.

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Brief overview of the article:

  • The youth segment, like the general labor market in Kazakhstan, remains quite unbalanced.
  • The employment spheres of young specialists are closely related to the low level of income and labor productivity.
  • The youth unemployment rate in 2018 was 3.9%, however, according to opinion polls – about 42% of young people constantly face problems with employment.
  • The continuing gap between the professional orientation of young people and the needs of enterprises in the workforce is becoming one of the barriers to the employment of young people in the labor market.
  • Further strengthening of negative trends in the youth labor market creates risks of growth in external migration and the informal sector of young people employment, as well as the increase in the category of NEET (Not in Education, Employment or Training) youth.

unemployment in kazakhstan essay

The scale of youth employment and unemployment in Kazakhstan attracts active attention, from government bodies, business, and the general population. Young people today are at risk group because they face significant hurdles while searching for a job. This is determined by many factors.

On one hand, knowledge and competencies of young people acquired in the education system often do not meet the requirements of employers. Many companies simply do not consider young professionals, since hiring them is much more expensive than hiring candidates with a service record and professional accomplishments.

On the other hand, young people themselves in some cases have exaggerated requirements for employment. Hence, many graduates of educational institutions are dissatisfied with wages and working conditions, which are offered to them by employers, thus refuse to work according to the acquired profession. Consequently, all of the above mentioned leads to low efficiency of employment, and also creates prerequisites for the growth of unemployment among young professionals.

What does Kazakhstan’s labor market offer for youth?

According to the Statistics Committee of the Ministry of National Economy of the Republic of Kazakhstan, youth (from 15 to 28 years old) make up about a quarter of the economically active population of Kazakhstan. Of these, the number of young people employed in Kazakhstan is 2 million. [1]

Moreover, the youth segment, like the general labor market in Kazakhstan, remains quite unbalanced.

First, young professionals are predominantly employed in the low-productive industries. Thus, in 2018, 16.7% of employed youth worked in the trade sector, 14.2% in agriculture, and 11.1% in education sphere.

Secondly, entrepreneurship remains not attractive enough for young people. The overwhelming proportion of employed youth is hired workers. Only 23.9% belong to self-employed youth. At the same time, it should be noted that self-employment in most cases in Kazakhstan is closely related to low income and labor productivity. So, in rural areas, where employment opportunities for job placement are quite low, self-employment is an alternative form of employment. Thus, a significant part of hired employees (64.2%) are based in the city and self-employed youth (66.4%) are based in the village.  

Thirdly, the education level of employed young people also differs markedly. 42.9% of employed young people have higher and incomplete higher education. Moreover, there is a high differentiation between the hired youth (48.9% with higher education) and self-employed youth (only 25.2% with higher education).

unemployment in kazakhstan essay

Fourth, the differentiation of wages also remains quite high. According to the Committee on Statistics, in 2018 the average monthly nominal wage of working youth was approximately 115.4 thousand tenge, [2]  which is almost one and a half times lower than the average monthly nominal wage in the economy as a whole. The lowest wages are in agriculture, health care and public administration sectors. The segment of well-paid youth covers only part of the employed young people.

Thus, youth in Kazakhstan labor market as a whole is a rather mobile part of the population. However, a question on the quality of the offered jobs arises here, which impedes the desire of young people for decent work. The labor market still offers employment mainly in industries with relatively low labor productivity and low wages. Moreover, the young population living in the city, in most cases chooses hired work, while the rural youth belong to self-employed due to the lack of jobs.

Youth unemployment: risk groups

As the Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan notes, the level of youth unemployment is gradually decreasing and in 2018 it was 3.9%. In absolute terms, the number of unemployed youth decreased by 22 thousand people. Also, the level of long-term youth unemployment similarly falls from 2.4% in 2014 to 2.1% in 2018. [3]  (See in diagram 2).

unemployment in kazakhstan essay

In general, the number of unemployed in the 4th quarter of 2018 was 78.5 thousand people. Young people up to 29 years old among the unemployed are 17.8%, including 8.5% at the age of 16-24, and 9.2% at the age of 25-28. [4]

However, the following trends are observed.

Firstly, youth unemployment in the city is at a relatively high level, which becomes a consequence of the “village-city” internal migration process.

Thus, the rural lifestyle is becoming increasingly unattractive for young people, and as a result, internal migration continues to increase in recent years. Thus, for the period 2015-2017 more than 340 thousand young people left the rural areas. The analysis of internal migration among young people indicates that, to a greater degree, young people are leaving the southern regions of Kazakhstan (excluding Almaty). Thus, the migration balance in the south of the country in 2017 was -18.7 thousand people, which is significantly higher than in the other regions: the northern region (-6689) people, the central region (-2967 people), the eastern region (-4613 people) and the western region (-166 people). [5]  Traditionally, the southern regions of the country are characterized by a high level of natural growth and redundancy of labor resources. The availability of work or its absence, as well as the desire to receive education are important motivational factors for the outflow of young people from rural areas. And, as a rule, economic centers (mainly the city of Nur-Sultan, Almaty) attract migrant workers in great quantity.  [6]

This situation undoubtedly has a significant impact on the well being of regional and local labor markets. Thus, according to statistics, unemployment among young people is most common in the rural areas and amounts to 3.3%, while in the city it is 4.4%. [7]

Secondly, the differentiation of unemployed youth by level of education.  So, among the unemployed youth, 35.9% have higher and incomplete higher education, 39% – specialized secondary. At the same time, unemployment among young people with higher and incomplete higher education is 3.3%, among young people with secondary and vocational (special) education – 4.2%, with basic, secondary, general, primary – 4.8%. [8]

Third, unemployment among young women is slightly higher than that of men.  Thus, women’s unemployment remained at 4.6% versus 3.4% for men. In addition, women from 25 to 28 years age group are significantly affected by unemployment (4.6%). At the same time, in 2018, the indicator for city residents was about 5.3%, in rural areas, 3.5%. [9]

Thus, the existing scale of youth unemployment shows an unstable position of this group of the population on the labor market. Moreover, the mobility of the young labor force only exacerbates the problems of employment and is a subject to a greater influence of unemployment.

Barriers to youth employment

Entering the labor market and having insufficient work experience and necessary professional knowledge and qualifications, young people face significant obstacles when trying to find a job.

According to the results of a sociological study, about 42% of young people surveyed constantly face problems with job placement, of which 47.5% are rural and 38.1% are urban youth. [10]

One of the important factors hindering the employment of young people in the labor market is the gap between the professional orientation of young people and the needs of enterprises in the labor force. [11]

So, according to statistics, the expected graduation rate of students (universities and colleges) in the period from 2013-2018 was 3 times higher than the expected need for workforce (including vacancies) [12]  (see Diagram 3). It should be also taken into account that a significant proportion of the economically active population of different age groups also claims vacant positions.

unemployment in kazakhstan essay

Moreover, the education market in Kazakhstan is extremely differentiated, in terms of offered quality of education, in particular between city and village. This is largely due to the qualitative composition of the teaching staff, the existing infrastructure, financing, material and technical base, and so on. Consequently, the level of training received by young people creates the prerequisites for insufficient competitiveness among young specialists.

In addition, an important role is played by the factor of aspirations formation and incentives to work among young people. In other words, due to high expectations and self-esteem, some young people may refuse to be employed.

On the other hand, the development of entrepreneurship also has not become attractive enough for young people. According to a sociological study conducted by the Youth Research Center, to the question – whether the interviewed young people plan to open their business in the next three years, only 16.5% answered positively, out of which 17% are urban and 14.5% are rural youth. 51.3% of respondents have not planned to engage in business, and 32.3% of respondents have not thought about it. In addition, data from a sociological survey also showed the main problems that young entrepreneurs face. The most topical were – lack of start-up capital (55.7% of the respondents), high rents (32.4%), lack of business experience and tax reporting (22.0%).

For all those reasons mentioned above, there is a widespread tendency of employment among young people outside their specialty, employment of young graduates in jobs that do not require a high level of education, and so on.

Further strengthening of negative trends in the youth labor market can carry the  following risks:

  • Growth of external youth migration

A typical mechanism for solving problems in the domestic labor market for young people is educational or labor migration. According to statistics, the number of young emigrants from Kazakhstan is growing every year. The largest number of youth leaving their homeland falls on the CIS countries (90% of the number of youth leaving abroad). [13]  Moreover, according to experts, the peak of mobility falls on the group of young people aged 24-28. [14]

  • Growth of informal youth employment

According to the Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan, 18.7% of unemployed young people are in search of work from 6 to 12 months, 23.3% from 3 to 6 months, which may push them to look for work in the informal sector.

It should be noted that, in general, in Kazakhstan, according to the Organization for Economic Cooperation and Development (OECD), young people who have completed vocational training in educational institutions begin working at the age of 21. By the age of 24, the overwhelming majority of young people become formally employed in the labor market, as they approach the choice of their employment form more consciously. [15]  Therefore, a special place in the informal sector is occupied by young people aged 15-24 years, because they are the most socially vulnerable and it is more difficult to find a formal job for them. So, despite the fact that the proportion of informally employed youth of this age group, according to statistics, in the period from 2015-2017 decreased from 25.3% to 19.1% of the total number of employed youth of this age group, the level of informal youth employment remains higher than the national average (16.1% in 2017). [16]

  • Increase in the category of NEET youth

One of the most important indicators of the transition from school to work for the labor market is the proportion of those who do not work and do not study, or the so-called NEET (Not in Education, Employment or Training) group. Today, this category of the population in Kazakhstan is making up 7% of the total number of young people. [17]  Moreover, as a rule, unemployed young people are in the zone of increased risk of falling into the NEET-youth group, that is, those who do not have work, but are actively looking for it and are ready to start. In addition, there are quite high risks of falling into the category of NEET for rural youth. The lack of jobs in rural areas and the high costs of territorial mobility can lead to anchorage in the status of NEET group.

Conclusions and recommendations

The existing level of differentiation of youth employment is largely associated with objective economic conditions — the general economic situation, the labor market conditions, the sectorial structure of the economy, and so on. Despite the fact that youth unemployment in Kazakhstan is at a relatively low level, a large number of young people face certain barriers in the labor market. For example, rural areas do not provide a great variety in terms of employment opportunities, which is an important factor in increasing labor migration among young people. At the same time, the problem of the labor market in Kazakhstan is associated both with the imbalance of labor resources and jobs as well as their quality. The level of wages offered by employers to young people is markedly different in comparison to older age groups. However, this is a natural process and, as a rule, the level of income grows with experience. But at the same time, such situation undermines motivation and incentives to work.

In this regard, it is necessary to consider recommendations for improving the situation of young people on the labor market in Kazakhstan. So, the following measures are recommended:

  • Improving the system of forecasting the labor market and the system of personnel training on the basis of increasing the efficiency of the interaction mechanism between educational institutions and business sector;
  • Revision of the vocational guidance system for young people. The main goal should be the organization of information space, which allows obtaining comprehensive information about the professional world and their needs in a country, region, and a specific city and even in an enterprise, as well as on opportunities for further employment. At the same time, forms of vocational guidance should be varied: open door days, individual and group counseling, development of various benefits and employment guides, etc. Thus, the young population will form an adequate self-assessment of personal and professional qualities, as well as a real understanding of the modern labor market and the required specialties;
  • Strengthening the mechanism for conducting short-term vocational training (retraining) of personnel using the elements of the dual training model. It is also important to improve distance learning technologies with the use of open banks of lectures, seminars and master classes of scientists and practitioners;
  • Develop mentoring programs in youth entrepreneurship with the ability to attract successful entrepreneurs with experience in building sustainable business processes. A mentor’s support can be in form of regular meetings with young entrepreneurs, as well as advisory assistance or specific guidance in the conduct of business.
  • The use of communication channels accessible to young people, including social networks, in order to widely publicize employment opportunities as well as training for young people under governmental and industrial programs, as well as private sector initiatives.

This article was prepared as part of the Giving Voice, Driving Change – from the Borderland to the Steppes Project implemented with the financial support of the Foreign Ministry of Norway. The opinions expressed in the article do not reflect the position of the editorial or donor.

[1]  Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. Internet access: https://stat.gov.kz Official statistical information / Labor / Main indicators of youth labor market in Kazakhstan for 2001-2018 (quarterly data).

[2]  Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. Internet access: https://stat.gov.kz Official statistical information / Labor / Salary of workers by profession (position) in certain types of economic activities of the Republic of Kazakhstan for 2018

[3]  Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. Internet access: https://stat.gov.kz Official statistical information / Labor / Main indicators of youth labor market in Kazakhstan for 2001-2018 (quarterly data).

[4]  Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. Internet access: https://stat.gov.kz Official statistical information / Labor / Main indicators of youth labor market in Kazakhstan for 2001-2018 (quarterly data).

[5]  Youth of Kazakhstan. Statistical compilation / in Kazakh and Russian. Astana, 174 pages. Internet access: https://stat.gov.kz

[6]  A. Alshanskaya, B. Syzdykov. Young people in the labor market: features and trends // Kazakhstan-Spectr. Science Magazine. 2017/3

[7]  Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. Internet access: https://stat.gov.kz Official statistical information / Labor / Main indicators of the youth labor market (aged 15-28 years) by regions of the Republic of Kazakhstan and the level of education for 2001-2018.

[8]  Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. Internet access: https://stat.gov.kz Official statistical information / Labor / Main indicators of youth labor market in Kazakhstan for 2001-2018 (quarterly data).

[9]  Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. Internet access: https://stat.gov.kz Official statistical information / Labor / Main indicators of the labor market in the Republic of Kazakhstan for the 4th quarter of 2018

[10]  National Report “Youth of Kazakhstan – 2018” – Astana, 2018. – 410 p. Internet access: http://eljastary.kz/articles/62/2

[11]  The current condition of the labor market in Kazakhstan: a brochure / ed. Z.K. Shaukenova. – Astana: Kazakhstan Institute for Strategic Studies under the President of the Republic of Kazakhstan, 2017. – 100 p. http://kisi.kz/uploads/33/files/Dxun0PeD.pdf

[12]  Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. Internet access: https://stat.gov.kz Official statistical information / Labor / Number and need for personnel of large and medium-sized enterprises of the Republic of Kazakhstan for 2018

[13]  Youth of Kazakhstan. Statistical compilation / in Kazakh and Russian. Astana, 174 pages. Internet access:  https://stat.gov.kz

[14]  The National Report “Youth of Kazakhstan – 2018” – Astana, 2018. – 410 p. Internet access:  http://eljastary.kz/articles/62/2

[15]  OECD (2017), Building Inclusive Labour Markets in Kazakhstan: A Focus on Youth, Older Workers and People with Disabilities, OECD Publishing, Paris.

[16]  Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan.  Internet access: https://stat.gov.kz Official statistical information / Labor / Informally employed population in the Republic of Kazakhstan for 2017

[17]  Committee on Statistics of the Ministry of National Economy of the Republic of Kazakhstan. Internet access: https://stat.gov.kz Official statistical information / Labor / NEET share in the total number of young people aged 15-28 of the Republic of Kazakhstan (quarterly data)

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Features of Unemployment in the Labor Market in Kazakhstan

This paper discusses the problems of employment and unemployment in Kazakhstan. The both should be taken into account when developing macroeconomic policies. The government of Kazakhstan still judges unemployment mainly as a negative phenomenon in its economic policy. Thus, local labor market policy has the main goal: unemployment level should be low. But this leads to a decrease in the efficiency of the economy. There is a need for critical evaluation of government policies aimed at achieving low unemployment.

unemployment in kazakhstan essay

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  • 29 march Main indicators of the labor market in the Republic of Kazakhstan (2023)
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unemployment in kazakhstan essay

  • The number of informally employed population in Kazakhstan (2023) 361.5 KB, xls
  • The main indicators of the labor market by regions of Kazakhstan in the context of disticts (2023) 708.5 KB, xls
  • Persons not in the labour force (2023) 169.5 KB, xls
  • The Main indicators of the labor market in the Republic of Kazakhstan ILO (2023) 604 KB, xls
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  • Self-employmed (2023) 243.7 KB, xls
  • Labour force xls
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unemployment in kazakhstan essay

Kazakhstan Unemployment Rate

The unemployment rate in kazakhstan was unchanged at 4.7 percent in q4 of 2023. the number of unemployed decreased by 10.16 thousand from a year ago to 445.9 thousand persons, while the number of employed went up by 76.7 thousand to 9042 thousand. meanwhile, youth jobless rate for those aged between 15-34 edged up to 3.4 percent. source: agency of statistics of the republic of kazakhstan, unemployment rate in kazakhstan remained unchanged at 4.70 percent in the fourth quarter of 2023 from 4.70 percent in the third quarter of 2023. unemployment rate in kazakhstan averaged 6.54 percent from 2000 until 2023, reaching an all time high of 13.70 percent in the first quarter of 2000 and a record low of 4.70 percent in the second quarter of 2023. this page provides - kazakhstan unemployment rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. kazakhstan unemployment rate - data, historical chart, forecasts and calendar of releases - was last updated on may of 2024., unemployment rate in kazakhstan remained unchanged at 4.70 percent in the fourth quarter of 2023 from 4.70 percent in the third quarter of 2023. unemployment rate in kazakhstan is expected to be 4.60 percent by the end of this quarter, according to trading economics global macro models and analysts expectations.,   markets,   gdp,   labour,   prices,   money,   trade,   government,   business,   consumer,   housing,   taxes,   climate.

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Kazakhstan: Unemployment rate from 2004 to 2023

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Figures have been rounded. All figures are modeled ILO estimates.

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Statistics on " Kazakhstan "

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  • Gross domestic product (GDP) per capita in Kazakhstan 2029
  • Gross domestic product (GDP) growth rate in Kazakhstan 2029
  • Kazakhstan: Share in global GDP adjusted for PPP 2029
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  • Basic Statistic Share of economic sectors in the GDP in Kazakhstan 2022
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National finances

  • Basic Statistic National debt of Kazakhstan 2029
  • Basic Statistic National debt of Kazakhstan in relation to gross domestic product (GDP) 2029
  • Basic Statistic Ratio of military expenditure to gross domestic product (GDP) in Kazakhstan 2022
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Unemployment in Kazakhstan Argumentative Essay

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COMMENTS

  1. The Analysis of Reasons and Consequences of Unemployment in Kazakhstan

    In general, if we consider the period from 2001 to 2018, the unemployment rate jump was recorded in 2001 (10.4%). Further, there is a subsequent decrease in this indicator and it reaches a level of 7.3% in 2007. In 2008-2009, there is a stagnation of the relative number of unemployed in Kazakhstan at the level of 6.6%.

  2. The role of labor market structure and shocks for monetary policy in

    Labor market features in Kazakhstan resemble those described by Fields [] in his analysis of labor markets in developing countries.First, the unemployment rate in Kazakhstan is relatively low. The average rate for the last 20 years has been around 6% with an almost steady rate of around 5% for the last 8 years.

  3. Main indicators of the labor market in the Republic of Kazakhstan (2022)

    Officially at the end of December 2022 in the employment agencies of the Ministry of Labor and Social Protection of the Republic of Kazakhstan 132.3 thousand people were registered as unemployed . The share of registered unemployed was 1.4% of the labor force. The unemployment rate among youth aged 15 to 28 was 3.8%.

  4. A Post-Crisis Kazakhstan: Economic and Social Transformation

    Over the last 15 years, Kazakhstan has passed through two economic crises (in 2007-2008 and in 2014-2015), which resulted in a threefold devaluation of the national currency. At the same time, Kazakhstan is facing price increases, reduced volumes of construction, industrial manufacturing and foreign trade, and a plethora of social issues.

  5. Main indicators of the labor market in the Republic of Kazakhstan

    65.0%. Employment rate to the population aged 15 years and older in the first quarter of 2023 amounted to 65.0%, to the labor force - 95.2%. Unemployment rate (according to the methodology of the International Labor Organization) for the 1st quarter of 2023 amounted to 4.8%. The number of unemployed (according to ILO methodology) amounted to ...

  6. Kazakhstan Unemployment Rate 1960-2024

    Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Kazakhstan unemployment rate for 2022 was 4.86%, a 0.71% decline from 2021. Kazakhstan unemployment rate for 2021 was 5.57%, a 0.68% increase from 2020. Kazakhstan unemployment rate for 2020 was 4.89%, a 0.09% increase from 2019.

  7. Employment Problems in Kazakhstan: a Comparative Analysis

    This article is devoted to the archived problem of modernity - the problem of unemployment and the mechanism of legal regulation in the Republic of Kazakhstan. This article discusses the problems of unemployment in the Republic of Kazakhstan, since in any civilized state the level of unemployment and employment is an indicator of the country's economy. The article analyzes the regulatory ...

  8. Analysis of Labor Market and Unemployment Insurance in the Case of

    The research deals with the overview of recent Unemployment insurance structure of Kazakhstan. It focuses on the theoretical of impact of UB payments on workers incentives to be employed and discuss its influences on Unemployment rate. Moreover provides overview of current situation regarding labor market of Kazakhstan. Keywords--UB, SSIF, AME, Unemployment, Migrants, Insurance

  9. Unemployment, total (% of total labor force) (national estimate

    Unemployment, total (% of total labor force) (national estimate) - Kazakhstan from The World Bank: Data. Free and open access to global development data. Data. ... Unemployment with basic education, female (% of female labor force with basic education) Share of youth not in education, employment or training, female (% of female youth population

  10. Youth Labor Market in Kazakhstan: Who is in Demand, and Who is Left On

    The employment spheres of young specialists are closely related to the low level of income and labor productivity. The youth unemployment rate in 2018 was 3.9%, however, according to opinion polls - about 42% of young people constantly face problems with employment. The continuing gap between the professional orientation of young people and ...

  11. Features of Unemployment in the Labor Market in Kazakhstan

    This paper discusses the problems of employment and unemployment in Kazakhstan. The both should be taken into account when developing macroeconomic policies. The government of Kazakhstan still judges unemployment mainly as a negative phenomenon in its economic policy. Thus, local labor market policy has the main goal: unemployment level should ...

  12. Analysis of Unemployment and Employment in Kazakhstan

    Мақалада Қазақстан Республикасындағы жұмыссыздық деңгейінің жағдайы қарастырылады ...

  13. European Responses to Youth Unemployment: Any Lesson for Kazakhstan

    This essay first compares the British and German approaches towards youth unemployment, and then asks whether Kazakhstan can draw any lessons from the European experience. General Overview: Youth Unemployment Policies in Britain and Germany In Britain, the issue of youth unemployment gained great prominence in the late 1990s with the

  14. Employment and unemployment

    The number of informally employed population in Kazakhstan (2023) 361.5 KB, xls The main indicators of the labor market by regions of Kazakhstan in the context of disticts (2023) 708.5 KB, xls Persons not in the labour force (2023) 169.5 KB, xls The Main indicators of the labor market in the Republic of Kazakhstan ILO (2023) 604 KB, xls

  15. A Post-Crisis Kazakhstan: Economic and Social Transformation

    For Kazakhstan, a transformation of its economic model should become the crucial consequence of the January rioting. Kazakhstan's post-Soviet economic model rested on several principles. This includes a prioritized concentration on the extractive sector, primarily its oil- and gas-producing industry, where foreign companies play the leading role; a policy aimed at attracting more foreign ...

  16. Unrest in Kazakhstan: Economic background and causes

    Sufficiently high employment and low inflation are important stabilizing factors in every country. Figure 1 shows unemployment rates by regions of Kazakhstan in 2017 and 2021. Comparing them, one can see that the unemployment rate in all regions has decreased or remained at the same level, except for the regions of Akmola and Kyzylorda.

  17. Kazakhstan Unemployment Rate

    The unemployment rate in Kazakhstan was unchanged at 4.8 percent in Q1. The number of unemployed decreased by 2.6 thousand from a year ago to 453.5 thousand persons, while the number of employed went up by 66.4 thousand to 9032 thousand. Unemployment Rate in Kazakhstan remained unchanged at 4.70 percent in the fourth quarter of 2023 from 4.70 ...

  18. Youth Unemployment Rate for Kazakhstan (SLUEM1524ZSKAZ)

    Graph and download economic data for Youth Unemployment Rate for Kazakhstan (SLUEM1524ZSKAZ) from 1991 to 2022 about Kazakhstan, 15 to 24 years, unemployment, and rate. Youth Unemployment Rate for Kazakhstan. ... Working Papers; Information Services; Switch Products FRED; AL FRED. FRASER. ECON LOWDOWN. Your trusted data source. since 1991 ...

  19. Kazakhstan

    Apr 8, 2024. The unemployment rate in Kazakhstan decreased by 0.2 percentage points (-4.12 percent) since the previous year. Therefore, 2023 marks the lowest unemployment rate during the observed ...

  20. Cause Of Poverty In Kazakhstan

    Unemployment and low standards of education are the main causes of the high poverty rate. Also, economic of Kazakhstan holds steady because of the production of gas and oil. Due to the increase of poverty in Kazakhstan, the government should develop local economic and construct industries of production goods. Poverty is a cruel problem all over ...

  21. Problems of youth unemployment in Kazakhstan and its possible solutions

    Key words: youth unemployment, Kazakhstan, social and economic aspects. The social development of youth is the essential process for the de-veloping country such as Kazakhstan. However, nowadays, it is difficult to assert that «next generation» can be considered as the self-sufficient group of people in the state.

  22. Unemployment In Kazakstan Essay

    Unemployment In Kazakstan Essay. Since 1991 former Soviet Republics faced numerous economic and political issues associated with their unpreparedness to a rapid transition to independence. This lead to deteriorating living conditions and overall falling level of social and economic development in the majority of Central Asian countries (Gubka ...

  23. Unemployment in Kazakhstan Argumentative Essay

    To the question 'the main cause of unemployment in Kazakhstan' respondents presented many different reasons. According to the survey, the most important reason is the lack of jobs as more than 40% of respondents gave such a response. The rest of the respondents believe that the reason is corruption and low wages and only a small part of the ...