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Purpose: Indicating possible options for the development of local labor markets by eliminating inefficient implementation of employment policies and knowing separate entities of local labor markets based on assumptions of one of the marginal schools (doctrines). Design/Methodology/Approach: This research was based on a method called systematic review, and foregoing the author’s research. Findings: Recognizing the possible existence of opportunities for local labor markets and reducing the unemployment by exploring the differences between those markets on the basis of Neo-Austrian school’s assumptions. Research limitations/implications: Implications that will help eradicate or at least significantly reduce the ineffective state intervention in the labor market and by learning and intensification of the strong sides separate for each of the labor markets, will help reduce the local unemployment rates. Practical implications: Promoting the idea of non-intervention of the state in the labor market in pursuit of their active labor market policies and promoting the use of the Neo-Austrian school’s economic assumptions in order to achieve the possible development of local labor markets and reduction of the unemployment rate.

The Knowledge of Local Labor Market as a Determinant of Anti-Unemployment Counteraction