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Business & Economy

Full employment: Good for workers, bad for economic growth




Unemployed New Yorkers look through the help wanted ads at Department of Labor field office in midtown Manhattan in New York City
Unemployed New Yorkers look through the help wanted ads at Department of Labor field office in midtown Manhattan in New York City
Chris Hondros/Getty Images

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Can good news actually be bad news?

The state is pretty near full employment, which is a fancy term economists use for when almost everyone who's willing and able to work has a job.

But the possible bad news – full employment might actually be slowing down our economy.

Chris Thornberg, founding partner at Beacon Economics, talks about the results from its recent report.

Hear why the economy can grow if there are workers out looking for jobs. Click the blue audio player above.