Employment Perspectives and Current Trends in the Mining and Quarrying Industry in the European Union

quarrying sector. It is related to many aspects of the macroeconomic
situation. The two fundamental indicators explored in the analysis
are in the forms of the production value and the value added at factor
cost. The main employed methodology is a regression analysis
technique, where the explained variable is represented by the value
added in the mining and quarrying sector. The explanatory variables
are the following ones: employment, labour productivity, wage,
labour input in industry, and turnover. The examined area includes
all the 27 European Union member countries with the other selected
European countries. The data set covers the time period from 2011 to
the year 2020. The Discussion section offers a comparison with the
other research studies. The elementary findings are confirmed in the
outcomes related to the research hypotheses and the research
questions. All the research hypotheses are rejected, so all the five
explored indicators are proved to be statistically significant.
Moreover, the research questions demonstrate the potential
indicators that will play a key role in future development of the
mining and quarrying industry. They will serve as a basement for
policymakers in order to create the policies for enhancement
macroeconomic area of the examined industrial sector.