Migration processes in the context of globalization have a multi-level impact on the socio-economic development of the host territories, in particular on the structure and functioning of local labor markets. Increased labor migration is accompanied by changes in employment, wages, occupational segmentation and social mobility of the population. The article presents a comprehensive analysis of the impact of migration on the local labor market, taking into account economic and social factors. Special attention is paid to the social risks associated with inequality of access to employment, the growth of the informal sector and social tension. Based on the analysis, practical social recommendations are formulated aimed at increasing the adaptive potential of labor markets and the sustainability of host communities.