full employment

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full employment

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

Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

full employment

When all those who desire a job are employed and only frictional unemployment remains.

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Noun

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

Collins Italian Dictionary 1st Edition © HarperCollins Publishers 1995

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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.

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Malaysia is considered to have a full employment rate based on the Organisation for Economic Co-Operation and Development (OECD), Tun Dr Mahathir Mohamad said today - notwithstanding data showing nationwide joblessness at 3.3 per cent.

Employment rate 'full' based on OECD definition, PM tells Parliament

The unemployment figures released by the statistical service showing a 14 per cent drop year-on-year, confirmed that Cyprus was on course to full employment, the government said on Tuesday.

'Cyprus on course to full employment'

The Congressional Budget office has projected that even at full employment we will be running enormous deficits well into the next decade.

Money Management: Despite strong economy, federal deficit soars

One thing for sure, is that the UK focus on employees has led to full employment.

Capital investment is the way forward post-Brexit

Does this mean the economy is at full employment? What is full employment anyway?

What Exactly Is 'Full Employment?'

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.

U.S. Jobless Claims Fall to Near 45-Year Low

IRELAND is moving towards full employment with 2.3 million people in work, experts predicted yesterday.

2.3M in work and growth to continue; Ireland 'heads to full employment'

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.

Misery loves inflation targeters' company

Truly fixing the American economy requires full employment, as Franklin Roosevelt proposed 74 years ago.

The Full Employment Solution

Although other definitions of full employment exist, BLS defines full employment as an economy in which the unemployment rate equals the NAIRU, no cyclical unemployment exists, and GDP is at its potential.