Even though it's still above its long-term full employment level, it's coming down.

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The private sector could now take off on its own and get back to close to the full employment level of 1928 to early 1929.

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Full employment, the optimal level of jobs in an economy, is usually cited as 5% to 6%.

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If the Fed continues to keep a lid on the growth of nominal incomes, slow wage growth may eventually bring real wages down to a level required for full employment.

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The focus now should be on getting the sum of consumption spending, investment spending, government spending and exports minus imports (C, I, G, and X-M) to a level sufficient to promote growth and full employment.

FORBES: Supply Side Employment Growth

Macroeconomic regulation that ensures a sufficient level of aggregate demand to lead to full employment.

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That means that, basically, the unemployment rate is still very high versus the level that we would see when the economy is operating at full employment.

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