What Is Full Employment?

Full employment refers to an economic scenario in which all available labor resources are being utilized to their full potential. Full employment refers to the most skilled and unskilled workers that may be engaged at any one moment in a particular economy.
True full employment is an ideal and certainly unattainable condition in which everybody willing and able to work can find work, and unemployment is zero. It is a theoretical objective for economic officials to strive towards rather than a real-world economic condition. In practice, economists can distinguish between several degrees of full employment that are linked with low but non-zero unemployment rates.

The term “full employment” means a theoretical level of unemployment where only those who are unable to work, or who are temporarily changing jobs, are considered unemployed.

There is no one agreed definition of full employment, and different economists include or exclude different sub-categories of ‘joblessness’.

For e.g., some definitions of full employment exclude those who are not actively seeking work as well as those unable to work and changing jobs.