full employment


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full employment

n
(Economics) a state in which the labour force and other economic resources of a country are utilized to their maximum

full employment

When all those who desire a job are employed and only frictional unemployment remains.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.full employment - the economic condition when everyone who wishes to work at the going wage rate for their type of labor is employed
economic condition - the condition of the economy
Translations

full employment

n (Econ) → piena occupazione
References in classic literature ?
His custom rapidly diminished--a misfortune, however, that was probably reckoned among his better accidents by Owen Warland, who was becoming more and more absorbed in a secret occupation which drew all his science and manual dexterity into itself, and likewise gave full employment to the characteristic tendencies of his genius.
state unemployment benefits fell unexpectedly last week, dropping to its lowest level in almost 45 years as the labor market moves toward full employment, the government reported Thursday, increasing expectations of faster wage growth this year.
Truly fixing the American economy requires full employment, as Franklin Roosevelt proposed 74 years ago.
Japan has achieved virtually full employment, with labour demand so high that new graduates are able not just to find jobs, but to choose them.
The US economy is nearing full employment, with its jobless rate the lowest in almost 20 years, but women in the workforce don't fully benefit.
BLS defines full employment as an economy in which the unemployment rate equals the nonaccelerating inflation rate of unemployment (NAIRU), no cyclical unemployment exists, and GDP is at its potential.
A THINK-TANK has urged caution in next week's Budget ahead of solid growth and possible full employment next year.
The Harrod-Domar model of economic growth is the first to use the Keynesian framework to examine the conditions necessary for continuous full employment equilibrium income growth (Harrod, The Economic Journal, 1939; Domar, Econometrica, 1946).
Full employment in the United States occurs at a base unemployment rate of 5.
While job creation remains healthy and the unemployment rate suggests that full employment has been reached, wage growth has failed to pick up.
That will allow Fed policymakers to focus primarily on gradual normalization of the federal funds rate, using it as the primary vehicle for attaining sustainable growth, full employment, and price stability at 2 percent inflation.
Some have continued to argue that rates should remain at their current low levels until the economy reaches full employment.