Quote:
Originally Posted by doucanoe
Be that as it may, using the term full employment or even approaching full employment is a bit silly based on how these figures are calculated.
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Whether you think it a bit silly or not, when people who are looking for work find it and the rate at which they're finding it exceeds the rate at which new people enter the work force, we are
approaching full employment. That's simply a fact and in no way carries the implication that full employment will be achieved or is even achievable.
John