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full employment

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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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? Mentioned in ? References in classic literature
 
His custom rapidly diminished--a misfortune, however, that was probably reckoned among his better accidents by Owen Warland, who was becoming more and more absorbed in a secret occupation which drew all his science and manual dexterity into itself, and likewise gave full employment to the characteristic tendencies of his genius.
 
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