Im not sure that its even possible for any economy to achieve full employment. I suspect the fundamental issue is that human labour is increasingly becoming irrelevant to human prosperity. There are a lot of jobs in the first, second and third world which are just above a 'technology line' where if labour costs increased any more or technology got cheaper they will simply be replaced by technology. Already the greatest advantage a human labourer has over a machine which is the manual dexterity of his or her fingers is being eroded by the prosthetics industry. I suspect also that once the recession is over a lot of companies will realise that they were carrying too many workers and they can make do with the present staffing levels and theres no assurance they will rehire to the level they had before the recession.
Tease.
