The government does not consider full employment to mean 100 percent of its citizens are employed because: some people are preparing for later employment by attending school some people choose to stay home to raise children rather than have a job outside the home some people are temporarily unemployed while they wait to start new jobs some people are not working because jobs are limited, and competition for jobs is intense. all of the above conditions can and do exist
The government does not consider full employment to mean 100 percent of its citizens are employed because:
-
some people are preparing for later employment by attending school
-
some people choose to stay home to raise children rather than have a job outside the home
-
some people are temporarily
unemployed while they wait to start new jobs -
some people are not working because jobs are limited, and competition for jobs is intense.
-
all of the above conditions can and do exist
Employment refers to the state in which individuals are engaged in productive work, typically in exchange for wages or salaries, contributing to the production of goods and services within an economy. It is a key indicator of an economy's health and measures the utilization of labor resources.
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