full employment in the us economy means that 4 to 6.4 %.
full employment in the us economy means that 4 to 6.4 %.
full employment in the us economy means that?
4 to 6.4 %
for the united states, economist william t. dickens found that full-employment unemployment rate varied a lot over time but equaled about 5.5 percent of the civilian labor force during the 2000s. recently, economists have emphasized the idea that full employment represents a "range" of possible unemployment rates. for example, in 1999, in the united states, the organisation for economic co-operation and development (oecd) gives an estimate of the "full-employment unemployment rate" of 4 to 6.4%. this is the estimated unemployment rate at full employment, plus & minus the standard error of the estimate.
full employment
full employment









































full employment is a situation in which everyone who wants a job can have work hours they need on fair wages. because people switch jobs, full employment involves a positive stable rate of unemployment. an economy with full employment might still have underemployment where part-time workers cannot find jobs appropriate to their skill level. in macroeconomics, full employment is sometimes defined as the level of employment at which there is no cyclical or deficient-demand unemployment.
full employment