full employment

noun

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

full employment

1. 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.

Example Sentences

It is also the case that the OBR has not yet done a full employment impact assessment, though the forecaster says it will do one before the Autumn Budget.

From BBC

"The economy has reached a point where it is growing healthily, with fairly full employment, and consistent wage growth – we are seeing very little evidence that there are issues needing to be addressed," he said.

From BBC

“It’s impressive, phenomenal,” said Jeffrey Korzenik, chief economist at Fifth Third Bank, referring to the American economy’s exceptional run of strong output and full employment.

From Los Angeles Times

Economists generally consider an unemployment rate of around 4 to 5% to represent full employment.

From BBC

Ireland is close to technical full employment so there is not obviously a reserve army of workers ready to dig ditches and lay blocks.

From BBC