3 ms·

Everyone that's looking for a job can find a job (good job market / lots of openings) ..is VERY different than... Everyone capable of working is actually work

• brewdad 5y ago
  By your definition of full employment, the US has never had "full" employment.
  • tootie 5y ago
    There is a canonical definition and that's just that there is no more demand-deficient unemployment. Meaning it doesn't even require U3 to hit 0 let alone LFPR to hit 100%. It allows for churn, underemployment as well as unemployables. It's not a metric of achieving utopia, just a situation with almost no slack in the labor market for employers. https://en.m.wikipedia.org/wiki/Full_employment https://en.m.wikipedia.org/wiki/Full_employment