| 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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| a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison. |
| a gadget; dingus; thingumbob. |
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.