full employment

  

Definition

State of economy in which all eligible people who want to work can find employment at prevailing wage rates. However, it does not imply 100 percent employment because allowances must be made for frictional unemployment and seasonal factors.

Use full employment in a sentence

  • Most college graduates are seeking full employment upon their graduation, but many will have to take entry level job opportunities to gain valuable experience within their chosen career field.

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  • The gentleman was fortunate to be living in a community where full employment was standard so everyone was prospering there.

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  • I was granted the full employment benefits of the company and would receive way more days off than I even wanted.

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