Explore jobs
Find specific jobs
Explore careers
Explore professions
Best companies
Explore companies
This question is about jobs.
When is the economy at full employment?
The economy is at full employment when the unemployment rate equals the non-accelerating inflation rate of unemployment (NAIRU), no cyclical unemployment exists, and GDP is at its potential.
Full employment is the highest level of employment the economy can sustain without generating unwelcome inflation. It describes an economy in which nearly everyone who wants to work has a job. The unemployment rate is one important way to gauge whether an economy is at maximum employment, but not the only one.
We cannot look only at the unemployment rate because, for much of the past decade, the unemployment rate fell and inflation didn't rise. Although the unemployment rate is very informative, it provides only one narrow measure of where the labor market is relative to maximum employment.
Choose from 10+ customizable resume templates
Zippia allows you to choose from different easy-to-use templates, and provides you with expert advice. Using the templates, you can rest assured that the structure and format of your resume is top notch. Choose a template with the colors, fonts & text sizes that are appropriate for your industry.
