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"Full employment" - people who want to work have full-time jobs.

(by Solomon Zelman)

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Q: What does the term full employment mean?
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Related questions

What does full employment mean?

There is no cyclical unemployment.


What is the economic term for when everyone who wants to work has a job?

Full employment


Why is there unemployment even when the economy is at full-employment?

Because fullemployment doesn't really mean "FULL" employment, It basically means those really looking for a job are employed. At full employment there is roughly 4-6% of unemployment.


What is full employment GDP?

The value of total output produced at full employment.


What is meant by the term full employment?

Full Employment means state of economy in which all eligible people who want to work can find employment at prevailing wage rates. However, it does not imply 100 percent employment because allowances must be made for frictional unemployment and seasonal factors.Refer to link below.


Why isn't full employment the same as zero unemployment?

Full employment doesn't mean that there is zero unemployment. Full employment only means that the economy is operating at full employment because there is only structural unemployment, frictional unemployment, and seasonal unemployment. Remaining unemployment is cyclical. Even when an economy is working properly, it will experience frictional, seasonal, and structural unemployment. (gp)


What does the term new hire mean?

The term "new hire" pertains to a person who is added to a company for employment on either a part time, full time or temporary basis. When a new person starts at a company they would be considered a new hire.


What does classied employee mean?

Full time employment that is subject to civil service rules


What does the term net employment mean?

When speaking of "net new employment," it simply means the overall increase in employment. When an article or person refers to "net employment gains," it is the same meaning, but said in a different way.


How many times has the government completed its full term?

This makes no sense. I am unsure what you mean " completed its full term."


How many pages does The Scheme for Full Employment have?

The Scheme for Full Employment has 272 pages.


What degree do you need to work with UNICEF?

This is a list of employment qualifications for a full time worker. UNICEF also offers short term opportunities. About UNICEF Employment qualifications Education Master