Full employment is not a good economic policy objective

France now aims to achieve full employment, which means a very low unemployment rate , within a few years . But a very low unemployment rate is not a good economic policy objective. This is because the unemployment rate may be very low due to: A fall in the participation rate (a decline in labour supply), as can be seen particularly in the United States; Strong creation of low-skilled and low-paid jobs (which is the current trend in the United States, the United Kingdom, France, Spain and Italy), and the low unemployment rate then does not prevent a deterioration of the social situation. Another economic policy objective must therefore be chosen, for example the employment rate.