employment vs utilization

employment and utilization both are nouns.

Word	Noun	Adjective	Verb	Adverb
employment	Yes	No	No	No
utilization	Yes	No	No	No

As nouns, employment and utilization are synonyms defined as:

Other synonyms of employment include exercise, usage, use, utilisation.

employment (noun)	utilization (noun)
the occupation for which you are paid	the act of using
the act of using	the state of having been made use of
the act of giving someone a job
the state of being employed or having a job