principle, full employment occurs when everyone who wants to work has a job. In practice, we say that we have full employment when about 95 percent of those wanting to work are employed. The...

principle, full employment occurs when everyone who wants to work has a job. In practice, we say that we have full employment when about 95 percent of those wanting to work are employed. The Unemployment Rate The U.S. Department of Labor tracks unemployment and reports the unemployment rate: the percentage of the labor force that’s