full employment

British  

noun

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

---

full employment Cultural  

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

The Fed has a dual mandate of holding inflation near a long-term target of two percent while ensuring full employment.

From Barron's

With Japan already at full employment and underlying inflation hovering near the 2% target, the BOJ must confront the risk that higher energy costs will raise inflation expectations too much, economists say.

From The Wall Street Journal

Such demand for capital could imply that the neutral rate—a level consistent with stable inflation and full employment—is higher than before the Covid pandemic.

From Barron's

By their own definition, that must be the “neutral” FFR, the level that is consistent with full employment and stable prices.

From Barron's

That would mean controlling money supply through interest rate policy rather than focusing on trying to balance full employment and price stability.

From Barron's