Full employment definition

Full employment means the highest level of employment which would provide an employment opportunity for every person able and willing to work, which, consistent with other public needs, can be attained during a given period of time by maximizing the investment of public resources toward that end.
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Full employment means that unemployment equals its natural rate.
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Full employment also means more options and opportunities for workers—including Black, Hispanic workers, Asian American workers, women—who've been left behind in previous economic recoveries when the labor market never tightened up enough.
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Examples of Full employment in a sentence

  • According to the flexicurity principle life-long learning is crucial to attaining job and employment security.34 Full employment security conditions may depend on both the individual employee’s length of service and competence.

  • Full employment in the European Union is the core of the Lisbon Strategy and the essential goal of economic and social policies, which requires the creation of more and better jobs.

  • Full employment history is required along with two references which we check validity.

  • Full employment and a high activity rate are conditions sine qua non for the survival of the welfare state in general and a tenable social security system in particular.

  • Full employment situation means that almost anybody who wants to work is able to find job at the existing wage rate.

  • Full employment is a conceptual target for the economy where everyone who wants to work and is available to do so at prevailing wages is actively employed.

  • Full employment is estimated to be around a 4½ per cent unemployment rate.

  • Full employment as a policy objective may also be in conflict with rapid economic growth as an objective since this depends on the acceptance of innovation and changes.

  • However, under the eductive learning approach, the REE is learnable only if |α| < 1 (See, e.g. Evans (2001) or Evans and Honkapohja (2001, section 15.4).

  • Full employment translates into making more jobs available and, at the same time, by maintaining the wages at a lower level than under fierce competition for jobs, it creates stable market conditions for lower labour costs.

Related to Full employment

  • Gainful employment means paid employment for not less than 30 hours in each week for a period of not less than 12 months;

  • Full-time employment means employment resulting in, at least, an annual earned income reported

  • Self-employment shall be where a Claimant sets up his/her own business and is responsible for paying his/her tax and National Insurance.

  • Active Employment means you must be actively at work for the Sponsor:

  • Covered Employment means employment in a covered position.

  • Ceased employment means anyone who has exited the organisation for whatever reason, including resignations, redundancies and dismissals.

  • Suitable employment or "suitable job" means employment or a job:

  • School employee means (1) a teacher, substitute teacher, school administrator, school superintendent, guidance counselor, psychologist, social worker, nurse, physician, school paraprofessional or coach employed by a local or regional board of education or working in a public elementary, middle or high school; or (2) any other individual who, in the performance of his or her duties, has regular contact with students and who provides services to or on behalf of students enrolled in a public elementary, middle or high school, pursuant to a contract with the local or regional board of education.

  • Non-Key Employee means any Employee who is not a Key Employee.

  • Male employee means an employed male who is caring for a child borne of his spouse or a child placed with the employee for adoption purposes.

  • Seasonal employment means the employment of 1 or more individuals primarily hired to perform services during regularly recurring periods of 26 weeks or less in any 52-week period other than services in the construction industry.

  • Part-time employment means any employment or combination of one or more employments in a civil division in which an individual works fifty percent or less of the time prescribed as the standard work week by the governing body or other appropriate authority of the civil division or where the employee earns not more than one-half (1/2) of the rate assigned to the position if the position has been allocated to a graded salary schedule.

  • Fixed-term employment means the engagement of an employee on the basis of a written contract of employment for a fixed period:

  • self-employment route means assistance in pursuing self-employed earner’s employment whilst participating in—

  • Small employer means any employer that had total revenue of less than $500,000 during the preceding taxable year. For purposes of this division, "total revenue" means receipts of any type or kind, including, but not limited to, sales receipts; payments; rents; profits; gains, dividends, and other investment income; compensation; commissions; premiums; money; property; grants; contributions; donations; gifts; program service revenue; patient service revenue; premiums; fees, including premium fees and service fees; tuition payments; unrelated business revenue; reimbursements; any type of payment from a governmental unit, including grants and other allocations; and any other similar receipts reported for federal income tax purposes or under generally accepted accounting principles. "Small employer" does not include the federal government; any state government, including any state agency or instrumentality; any political subdivision; or any entity treated as a government for financial accounting and reporting purposes.

  • School employer means a board of school directors, the

  • Post-Employment Period shall have the meaning set forth in Article 8.

  • Casual Employee means an employee who has no set hours or days of work and who is normally asked to work as and when required.

  • Involuntary Termination of Employment means any termination of Executive's employment by the Company and its subsidiaries, other than a termination for Cause or due to death or Disability.

  • Employee means an employee of the Contractor directly engaged in the performance of work under the contract who has other than a minimal impact or involvement in contract performance.

  • Affiliated employee means any individual employed by a recipient who receives compensation directly from government assistance or a contract with the District of Columbia government, including any employee of a contractor or subcontractor of a recipient who performs services pursuant to government assistance or a contract. The term “affiliated employee” does not include those individuals who perform only intermittent or incidental services with respect to the government assistance or contract, or who are otherwise employed by the contractor, recipient or subcontractor.

  • Supported employment means the ongoing supports to participants who, because of their disabilities, need intensive ongoing support to obtain and maintain an individual job in competitive or customized employment, or self-employment, in an integrated work setting in the general workforce at or above the state’s minimum wage or at or above the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals without disabilities. The outcome of this service is sustained paid employment at or above the minimum wage in an integrated setting in the general workforce in a job that meets personal and career goals. Supported employment services can be provided through many different service models.

  • Competitive employment means work in the competitive labor market that is performed on a full-time or part-time basis in an integrated setting and for which an individual is compensated at or above the minimum wage, but not less than the customary wage and level of benefits paid by the employer for the same or similar work performed by individuals who are not disabled.

  • Designated Employee means an employee who has been designated by the school to receive complaints of hazing, harassment and bullying pursuant to subdivision 16 V.S.A. 570a(a)(7). The designated employees for each school building are identified in Appendix A of this policy.

  • Employment means any occupation, vocation or employment, or any form of vocational or educational training. Provided, however, that "employment" shall not, for the purposes of this article, include membership in any law enforcement agency.

  • Comparable Employment means employment on terms which provide (a) the same or greater rate of base pay or salary as in effect immediately prior to Executive’s termination, (b) the same, equivalent or higher job title and level of responsibility as Executive had prior to Executive’s termination, (c) equivalent or higher bonus opportunity as the bonus opportunity for the year preceding the year in which the termination occurs, and d) a principal work location that is both (i) no more than forty-five (45) miles from Executive’s principal work location immediately prior to Executive’s termination and (ii) no more than thirty (30) miles farther from Executive’s principal weekday residence than was Executive’s principal work location immediately prior to the termination.