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For studying the excess of youth unemployment in comparison with other age groups in Europe and selected world regions, the authors hypothesized the high efficiency of government employment policy, taking into account the possible consequences of displacing other age groups.

The aim of the study is to formulate proposals for reducing youth unemployment in Europe and selected world regions in accordance with the identified specific causes of this phenomenon.

The main objectives of the study are:

The labor market is a complex socio-economic phenomenon that requires constant monitoring and regulation. There are a significant number of definitions of this concept, which are significantly different and quite harmoniously complement each other. At the same time, scientists use complex, systemic and dialectical approaches. Scientists consider typical models of the labor market: American, Japanese, Swedish and Chinese, which differ in a number of key features and principles of operation.

The concept of the legal status of migrant workers is studied. It is noted that the legal status of migrant workers and the guarantee of their personal rights are enshrined in law. It is stated that the protection of the rights of Ukrainian citizens working abroad implies an important obligation for the state to create legal, socio-economic and spiritual conditions for the realization of their rights and freedoms, under which it is possible to protect the rights of individuals and international human rights organizations.

The article describes the importance of optimization the employment process in crisis conditions, in particular during the Covid-19 pandemic. The labor market and unemployment in Ukraine for 2016-2020 was analysed and a sharp increase in unemployment in 2020 was identified, due to the closure of a significant number of enterprises and organizations and the inability of employees to perform their duties remotely. Dependence of the level of employment on the level of education and duration of training for the period 2017-2020 was analysed.

The necessity of interaction between educational institutions and employers at the present stage of labor market development is substantiated. There is presented the scheme which describes advantages of such interaction for both educational institutions and employers. The scheme is directed at establishing mutually beneficial cooperation between them.