[Steely Tom]

And, IIRC, full employment means a national unemployment rate of 5% or less. We’re below that, so the US is considered to be at full employment.

That's true when the Democrats control the government.

When Republicans run things, anything less than 100% employment is a scandal.

And the word "employment" in that case means something more along the lines of MNJohnnie's “everyone employed in the job of their dreams” concept.

Anything less represents a total failure of America, of Capitalism, and of Western Culture in general.

[MNJohnnie]

An that is the problem. The agreed upon standard is the “Unemployment” rate. I personally favor the U-6 numbers but we cannot have 1 standard when a Democrat is President and a different one for Non Democrat Presidents