Word info

full employment

Noun

Meaning

the economic condition when everyone who wishes to work at the going wage rate for their type of labor is employed

Source: WordNet

Hypernyms

Examples

In the past few years there has grown up a large group of young economists who have accepted the theoretical doctrines of the Keynesian Revolution and who have come into national prominence through their support of an economic policy of full employment. Lawrence Klein

India needs to grow at 7 to 8 per cent to ensure full employment and we all will do our part to invest in India to make sure India achieves its growth potential. Indra Nooyi

During the next legislature, we will aim for full employment in Spain. José Luis Rodríguez Zapatero

If borrowing and spending all this money led to more jobs than we would be at full employment already. Paul Ryan

I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent. William Vickrey

There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment. William Vickrey

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