Prediction And Analysis On Labour Supply And Demand Of Hubei Province

China has the biggest population in the world,accounting for more than 18% of the world's total population.Labor force is the most active and decisive factor in production,and plays an important role in the development of social economy.As a populous province,Hubei Province occupies a central position in the national physical geography,and also plays a decisive role in the strategic planning of the Yangtze River Economic Zone.The analysis and prediction of supply and demand in the labor market is particularly important for the future economic development of Hubei Province.Reasonable quantity of labor supply and demand and effective allocation of labor supply and demand will have a far-reaching impact on the long-term economic development.Faced with such a severe situation,it will play an important role in guiding the formulation of corresponding policies and plans to do a good job in forecasting the labor force population.Focusing on the relationship between supply and demand of labor force in Hubei Province,I first summarize the previous research results and methods in this field,and analyze the shortcomings of previous studies.Then,I analyze the labor supply situation of Hubei Province in recent years from two aspects of population quantity and population quality,and analyze the labor demand situation from two aspects of the number of employees and its distribution in different industries.Next,the main factors affecting the labor supply are selected as permanent population,birth rate,mortality,the number of population influx and population outflow,and the labor supply situation of Hubei Province from 2018 to 2027 is predicted based on the grey BP neural network model.Then,the regional gross domestic product,the total investment in fixed assets and the scientific and technological input level are selected as the main factors affecting labor demand.The labor demand of Hubei Province from 2018 to 2027 is forecasted by autoregressive algorithm-based BP neural network model.Finally,the future balance of labor supply and demand in Hubei Province is forecasted,the possible reasons are analyzed and the corresponding policy recommendations are put forward from seven aspects.