Changes

'''Full employment''' is a term in economics used to describe a macroeconomic situation in which [[cyclical unemployment]] (joblessness due to recession) is nonexistent. Other forms of unemployment, such as [[structural unemployment]] (joblessness due to lack of employable skills or abilities), [[seasonal unemployment]], or [[frictional unemployment]] (joblessness that occurs as workers move from one firm to another, or as they initially enter the labor force) may still exist, and to some extent may be economically beneficial.

'''Full employment''' is a term in economics used to describe a macroeconomic situation in which [[cyclical unemployment]] (joblessness due to recession) is nonexistent. Other forms of unemployment, such as structural unemployment (joblessness due to lack of employable skills or abilities), seasonal unemployment, or frictional unemployment (joblessness that occurs as workers move from one firm to another, or as they initially enter the labor force) may still exist, and to some extent may be economically beneficial.