Full employment means that

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Full employment is an economic situation in which all available labor resources are being used in the most efficient way possible. It essentially means that only frictional and structural unemployment exist, taking into account normal seasonal fluctuations. Frictional unemployment refers to the short-term unemployment of people who are changing jobs, careers, or locations. Structural unemployment is a longer-term failure of demand to match the supply of workers, often because of technological changes or global economic shifts. Full employment does not mean zero unemployment, as it acknowledges the existence of frictional and structural unemployment.

Full Employment Means That