Full employment

World English Dictionary
full employment
 
n
a state in which the labour force and other economic resources of a country are utilized to their maximum

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American Heritage
Cultural Dictionary

full employment definition


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.

The American Heritage® New Dictionary of Cultural Literacy, Third Edition
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