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To: semimojo
Full Labor Market is an economic term.

In the US it is usually considered unemployment of under 4% because there is always about 4% of the economy who are eiter unemployable (the deranged, the druggies etc) or in the process of changing jobs.

28 posted on 05/08/2018 9:47:34 AM PDT by MNJohnnie ("The political class is a bureaucracy designed to perpetuate itself" Rush Limbaugh)
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To: MNJohnnie
Full Labor Market is an economic term.

In the US it is usually considered unemployment of under 4%...

What you're describing is what economists call Full Employment.

A labor market can be tight, with a shortage of qualified workers, or it can have a lot of slack, with plenty of available labor, but I don't know what "full" would mean.

Either way, the article's premise was that unfilled job openings defied the notion of a full labor market.

I think it's just a case of incoherent business writing.

BTW, please pardon my pedantry.

29 posted on 05/08/2018 10:12:10 AM PDT by semimojo
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