D. Focus Section: Growth and Job Creation
37
Significant chal-
lenges exist in
the labor market
The Uzbek economy creates about 280,000 new jobs per year on average (on a
net basis) compared to the 600,000 jobs demanded each year for demographic
reasons alone. The economy needs to double the number of jobs created each
year only to absorb new entrants. Most jobs will have to be created by estab-
lishing new firms, with some created by expanding existing firms. Other struc-
tural weaknesses in Uzbekistan’s labor market include disincentives to work,
skills gaps and a limited supply of training in technical skills, high youth unem-
ployment, high economic inactivity and long-term unemployment, and limited
labor mobility.
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