full employment


noun

  1. a state in which the labour force and other economic resources of a country are utilized to their maximum

The condition that exists when all who want work can find jobs. Because some individuals will always be between jobs, full employment does not mean that one hundred percent of the workforce is employed. Rather, it is customarily defined as ninety-six percent of the total potential workforce.

Leave a Reply

Your email address will not be published. Required fields are marked *

53 queries 2.291