full employment

British

noun

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 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

full employment Cultural

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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

A good start would be to assert that the Fed believes it best supports full employment by delivering price stability and then focusing like a laser on that goal.

From The Wall Street Journal

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

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023