Overemployment and Underemployment?

Question

what is the difference between below-full employment equilibrium and above full-employment equilibrium??

Answer 1

Ok... true full employment is actually a immpossibility.
As in zero unemployemnt.

People are always moving, transitioning from 1job to another.
Kids are going in/out of the job market (btw, under 16 should not be included in the figures but often are anyway).
Especially since the vast majoirty of under 18 kids rarely work or work enough to pay for fun.

Its been said that 4% unemployment is the max best u can have.
But politicians use the fact that people dont know better to make 5% or even 6% look bad.

During Reagan years where we were close to max employement
it was litterarlly getting close to it, until Congress started overspending (& Reagan couldnt block it, and sometimes didnt try). We would have had litterarly at 4% if congress had kept their greedy paws off spending.

Answer 2

To me it sounds like below full employment equilibrium would be less than the right balance of employees to make the company run smoothly, and vice versa...too many.

I'd like to be on unemployment! lol