difference between employment and unemployment?
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Difference Between Full Employment & Unemployment
by Rose Johnson ; Updated September 26, 2017
The unemployment rate excludes discouraged workers no longer looking for jobs.
The economic health of a country is affected by its employed and unemployed workers. Two major economic indicators include full employment and unemployment. Although full employment and unemployment affect an economy, their definitions and economic effects are vastly different. Full employment occurs when all labor resources are used to put people to work. Unemployment exists when willing workers cannot find jobs. Understanding full employment and unemployment can help businesses properly prepare for economic changes.
Difference Between Full Employment & Unemployment
by Rose Johnson ; Updated September 26, 2017
The unemployment rate excludes discouraged workers no longer looking for jobs.
The economic health of a country is affected by its employed and unemployed workers. Two major economic indicators include full employment and unemployment. Although full employment and unemployment affect an economy, their definitions and economic effects are vastly different. Full employment occurs when all labor resources are used to put people to work. Unemployment exists when willing workers cannot find jobs. Understanding full employment and unemployment can help businesses properly prepare for economic changes.
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