Earlier quoted context omitted.
Same issue in my country with employment rates. Yes, some of those have been looking for work for so long that they slide from looking to "not looking" automatically. However at the same time, some of those people actually don't want to work . And if they don't want to work, why would that impinge upon full employment, because what is the plan? Force people to work who are retired, or don't want to? Work or go to jai…
Giving up looking is not necessarily the same as not wanting a job.
If the best data you have is conjoined, then you must either figure it out, or ignore it.
Do you know what percentage, exactly, are retired vs "giving uo"?
No?
Then when someone says full employment, they're right unless you have specific and precise data to counter that.
We could also discuss people too sick to work. Or on maternity leave. Or wealth vs desire to work. Or 100 other factors.