Full Employment

Full employment, in macroeconomics, is the level of employment rates when there is no cyclical unemployment. It is defined by the majority of mainstream economists as being an acceptable level of natural unemployment above 0%, the discrepancy from 0% being due to non-cyclical types of unemployment. Unemployment above 0% is advocated as necessary to control inflation, which has brought about the concept of the Non-Accelerating Inflation Rate of Unemployment (NAIRU); the majority of mainstream economists mean NAIRU when speaking of "full" employment.

Full employment in microeconomics is when the economy is employing all of its available resources. This simply means that the capital goods and capital resources are at their highest and most efficient within the economy.

Read more about Full EmploymentEconomic Concept, Technical Issues, Policy

Other articles related to "full employment, employment":

Post-Keynesian Economists - Current Work - Australia - University of Newcastle
... South Wales, Australia, houses CofFEE, the Centre of Full Employment and Equity, an active educational, research and collaborative organisation whose focus is on policies "restoring full employment ... and is leading the clear path to developing successful model to a new global economy that achieves full employment without the consequences suffered by traditional neo-liberal economic policies ...
Rehn–Meidner Model
... in rising general demand and an upwards, self-maintaining cycle which led to high growth rates and full employment, fuelled by progressive taxation and redisitribution of wealth, as that further increased ... main goals to be achieved were Low inflation Full employment High growth Income equality Unprofitable enterprises in the market were to be pushed toward what was known ... and rising real wages, and thereby full employment and an equal distribution of incomes, whilst inflationary pressures were prevented through an incomes policy of national wage arbitration and central collective ...
Full Employment - Policy - Job Guarantee
... Some, particularly Post-Keynesian economists have suggested ensuring full employment via a job guarantee program, where those who are unable to find work in the private sector are employed by the ...
Centre Of Full Employment And Equity
... The Centre of Full Employment and Equity or CofFEE is an official research centre of the University of Newcastle, New South Wales, Australia, and has operated since 1998 ... and promote research into the goals of full employment, price stability and achieving an economy that delivers equitable outcomes for all ...
Laborem Exercens - Rights of Workers - Full Employment
... issue the question of finding work, or, in other words, the issue of suitable employment for all who are capable of it.” The problem is not a lack of resources—“cons ... The criterion of full employment will only be achieved through planning and coordination among all the indirect employers, and a better coordination of ...

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