Abstract:
Kazakhstan today is a country with a low level of economic development, although it has
sufficient resources and manpower. The purpose of the study is to determine the specifics of
human capital development in the labor market under the conditions of modernization of the
economy of Kazakhstan. The analysis of economic indicators has shown that the financial
stability of the country is at a low level. The study of the labor market has established that its
labor supply is sufficient but low-promising. The perfect econometric modeling using the
additive method of forecasting has shown that in the next two periods it should be expected an
increase in the labor force. With the help of linear forecasting, it was established that in the next
two periods of education and labor market reforms are not carried out, the economic situation
of the country will continue to deteriorate.
