UNEMPLOYMENT AS THE MAIN CHALLENGE IN GEORGIA

Uunemployment is a complex socio-economic phenomenon all over the world. To overcome the high unemployment is the main challenge of Georgia's macroeconomic policy as it is the main reason of poverty and causes many social-economic problems. For reducing the unemployment rate, one of the crucial factors is to identify, evaluate and analyse challenges in labour market and to develop human capital. Labour market is less developed in Georgia and it is a must to create institutes and mechanisms which finally will be reflected in qualified labour force and decrease unemployment. There are many challenges that Georgia faces nowadays in this direction, thereflore, it is one of the most frequently studied subjects by Georgian researchers. But it will always be an actual issue because of its multifaceted, complex and changeable nature. The aim of this paper is to summarize results of different studies from Georgian and foreigner researchers, evaluate data from state authorities' surveys regarding labor market challenges. The purpose is to give some clear recommendations how to decrease unemployment in Georgia and make more comprehensive picture of current situation based on the existing literature. First, the analysis of the surveys conducted by state authorities is provided. Second, the views of Georgian researches are presented and summarized. Finally, by combining the first two parts, some recommendations and conclusions are given.