What is considered full employment? Maybe better rephrased as what type of unemployment is not considered as employment in the unemployment numbers. Cheers.
tsttse Wrote: ------------------------------------------------------- > What is considered full employment? Maybe better > rephrased as what type of unemployment is not > considered as employment in the unemployment > numbers. > > Cheers. full emplymet is when structural and and frictional are all that is left around. in toher words, FE = zero cyclical employment
That is correct. Full employment is when there is no cyclical unemployment. At full employment, the unemployment rate is referred to as the “natural rate of unemployment.”