full employment

British  

noun

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

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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.

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Example Sentences

Other economists think the economy is at full employment, with most workers who want one having a job.

From MarketWatch • Apr. 1, 2026

Its baseline forecast is for the federal-funds rate to reach 3.25%-3.50% by the end of 2026, allowing the economy to return to full employment and 2% inflation by early 2027.

From The Wall Street Journal • Feb. 26, 2026

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

From Barron's • Feb. 21, 2026

He can then safeguard the independence of the institution and do his part to ensure that U.S. firms and households have the lowest credible rates possible to promote full employment and stable prices.

From Barron's • Feb. 1, 2026

The year after Sir George Maxwell’s affair there was another case at Haddington which gave full employment to the authorities.

From Witch Stories by Linton, E. Lynn (Elizabeth Lynn)