Words / F / Business

full employment

noun

B2CEFR level
55/100Rarity: uncommon
TechnicalRegister

The level of employment at which almost everyone willing and able to work has a job.

With the economy near full employment, further stimulus risks stoking inflation rather than jobs.

Topic: Economics in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Economics