Meaning of full-employment unemployment rate
Full-employment unemployment rate
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Economics terminology
Glossary of economics terms and concepts
Meaning and definition of full-employment unemployment rate
The unemployment rate at which there is no cyclical unemployment of the labor force, equal to between 4 and 5 percent in the United States because some frictional and structural unemployment is unavoidable.
For the term full-employment unemployment rate may also exist other definitions and meanings, the meaning and definition indicated above are indicative not be used for medical and legal or special purposes.
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