BLS defines full employment as an economy in which the unemployment rate equals the nonaccelerating inflation rate of unemployment (NAIRU), no cyclical unemploy

BLS defines full employment as an economy in which the unemployment rate equals the nonaccelerating inflation rate of unemployment (NAIRU), no cyclical unemployment exists, and GDP is at its potential. [1] [1] https://www.bls.gov/opub/mlr/2017/article/full-employment-an-assumption-within-bls-projections.htm https://www.bls.gov/opub/mlr/2017/article/full-employment-an...