What is the definition of ‘full employment constraint’ in any one economy?
In what context did you discover the term? Can you quote or give a reference to a work that uses it?
I’m not sure about the constraint part, but I believe most economists consider full employment to be 5% unemployment. Anything lower and you have inflationary pressures. I guess you could consider that 5% as sort of constraint. IDK.
There are always a group or two of people who would normally be employed but aren’t for a short period of time. Although none of those people are out of work for a long period of time, there’s a small percentage at any given time.
It depends on which economist you’re listening to, but the constraints may include: people who are transitioning between jobs; employees who are temporarily on scheduled furloughs (such as when manufacturing plants close for maintenance or retooling); people who are on short-term disability and unable to work at that point in time, etc.