full employment

full employment definition - business

full employment

In theory, the situation of everyone who wants a job being employed. In practice, economists generally consider an unemployment rate of approximately 4% to represent full employment.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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