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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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To: semimojo

You are right. It is incoherent as written.

The term I was mis remembering was “full employment” The author seems to have mangled the concept into a made up term.


30 posted on 05/08/2018 10:24:58 AM PDT by MNJohnnie ("The political class is a bureaucracy designed to perpetuate itself" Rush Limbaugh)
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To: semimojo

“BTW, please pardon my pedantry.”

Not at all. Thank you. Precision is important.


31 posted on 05/08/2018 10:38:34 AM PDT by dsc (Our system of government cannot survive one-party control of communications.)
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