Question: does full employment means we are at 100 employment

Answer: No, Full employment means that everyone who wants a job can have work hours they need on ``fair wages''. Because people switch jobs, full employment means a stable rate of unemployment around 1 to 2 per cent of the total workforce, but does not allow for underemployment where part-time workers cannot find hours they need for a decent living. In macroeconomics, full employment is sometimes defined as the level of employment at which there is no cyclical or deficient-demand unemployment.