Abstract
Institutional processes proceeding in country economy calls forth to analyze in much detail and study in-depth the issues of formation and labor market management. Today it is generally accepted that professional education has no connection with the labor market i.e., connection between the educational service market and the labor market needs has been infringed, management personnel has low level of proficiency, unemployed retraining system is insufficiently developed, lack of schools for training skilled workers and specialists of all required levels. To solve the problems given it is necessary to improve the functioning mechanism of managing the labor resources and this factor has been defined as an actual one and was chosen as a research theme.