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full employment

a state in which the labour force and other economic resources of a country are utilized to their maximum
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
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full employment in Culture

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 New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
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