Assessment of economic security in the regional labour market

There are many approaches to assessing the level of economic security of the region, but little attention is paid to the labour market security. The purpose of the study is to develop a methodology for assessing economic security of regions in the labour market, including investment component, income, and unemployment rate and employment growth. The author’s hypothesis is that the investment activity and income of the regions are an incentive to ensure security in the regional labour market. A regional index of labour market security has been formulated. A quantitative assessment of the level of economic security in 84 regions of the Russian Federation, including cities of federal significance, was carried out for the period from 2010 to 2020. The analysis showed a significant differentiation of regions, both in terms of growth in investment and in terms of unemployment. A high level of economic security in 2020 was achieved only in the Yamal-Nenets Autonomous Okrug and the city of Sevastopol, while 12 regions are at a critical level. The study notes the inconsistency of investment policy at the regional level, which increases the uneven spatial development and the imbalance of employment. As measures to improve the economic security of the region, it is necessary to highlight the reduction of disproportions in the distribution of investment resources, the increase in investment attractiveness and the effectiveness of investment projects, which are the incentives for regional employment growth.