Forecasting the unemployment rate in Kyrgyzstan based on economic and statistical analysis

Abstract

As practice shows, unemployment has a greater negative impact on the socio-economic situation of the country, since it leads to underutilization of human capital, which leads to social differentiation, a significant decrease in the social situation of the country. The problems of unemployment have increased especially during the coronavirus pandemic. In many countries, businesses and institutions have been forced to reduce the number of employees due to the pandemic. This, in turn, increased the army of the unemployed and led to social conflicts between the government and the people. In order to stabilize the situation, there is a need to forecast the unemployment rate and take appropriate measures.