The term “full-employment program” usually means a program designed to maintain the general demand for labor. Unemployment can be reduced by such a program only to a certain point; beyond that point an increase in the general demand for labor will be relatively ineffective and will have undesirable repercussions. In setting a goal for a full-employment program we are essentially expressing a judgment on how far we can safely go in reducing unemployment by increasing general demand. In translating this judgment into figures, the best guide is our historical experience.