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full employment
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   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

full employment

In economics, a state in which the only unemployment is frictional (referring to people who are temporarily out of work while moving jobs), and when everyone wishing to work is able to find employment. It is a rare phenomenon.



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In fact, substantial employment growth on the Kansas side is closing the gap between the numbers of jobs on the two sides of the State line, with Kansas' share of the MSA's total employment increasing from 38 percent in 1990 to 44 percent in 2007.
Another indication of Indiana's position as a national leader is the relatively large share of total employment this industry holds.
Areas with high total employment also tend to be among the largest employers of any individual occupation.
 
 
 
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