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- DictionaryFull em·ploy·ment/fo͝ol əmˈploimənt/
noun
- 1. the condition in which virtually all who are able and willing to work are employed: "a target of full employment"
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noun
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State of economy without involuntary unemployment
Full employment is an economic situation in which there is no cyclical or deficient-demand unemployment. Full employment does not entail the disappearance of all unemployment, as other kinds of unemployment, namely structural and frictional, may remain. For instance, workers who are "between jobs" for short periods of time as they search for better employment are not counted against full employmen... Wikipedia