"full employment" is a misleading term. Unemployment only counts people who have been actively looking for a job in the last 4 weeks, and so excludes many chron

"full employment" is a misleading term. Unemployment only counts people who have been actively looking for a job in the last 4 weeks, and so excludes many chronically unemployed. In addition underemployment is not counted at all: in today's "gig economy" many people can't find full time employment and have to work multiple part time jobs. "Full employment" absolutely builds in the reserve army of labor power into the definition.