EMPLOYMENT PROSPECTS FOR MANUFACTURING AND SERVICE ENTERPRISES IN THE EUROPEAN UNION

Analysis implemented in the article allows concluding that the high-tech manufacturing industries do not play a significant role in solving the problems of employment. They are capable for only partial compensation for the loss of jobs in laborintensive sectors of the economy. Accumulation of knowledge of the population in industrialized countries together with high levels of computer literacy contributes to the revitalization of business services sellers. The authors proceed from the assumption that service sector, and business services in particular, to a certain extent are capable of absorbing of the workforce. This article argues that employment in the service sector in the European Union is still largely focused on traditional sectors of activity. The purpose of the paper is to investigate latest trends of employment in the world and the European Union and the role of the service sector in balancing labor market. Knowledge-intensive services that are important from the point of view of economic dynamics, only start to concur positions in the EU single market.