Regional foresights for rural labour market in EU 27

Abstract

EU27 rural areas are heterogeneous and economic policy measures are increasingly targeted at the regional level. Therefore, it is important to counteract disparities among rural labour markets and to make an efficient use of available public funds for promotion of new jobs places creation and improvement based on reliable rural labour market forecasts computed at regional level. For this reason the brief review of the methods, principles and methodology for regional labour market forecasting is presented in the paper. Autoregressive integrated moving average (ARIMA) and structuralcomponent (SC) estimators methods were integrated to in the forecasts model. The developed regional foresights for rural labour market were validated using data of EU-27 regions at NUTS3 level and the results are visualised into the map.