Full employment is having jobs for all who want to work and can work. Full employment is never 100% but is defined by the government as which percentage?

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Quizplus · Accepted Answer

Full employment does not mean 100% of the labor force is employed. Instead, it acknowledges the presence of frictional and structural unemployment. The government typically considers an unemployment rate of 4-6% (or 94-96% employment) as indicative of full employment. This range accounts for the natural movement of workers between jobs and the mismatch between workers' skills and job requirements.

Full Employment Is Having Jobs for All Who Want to Work