In an economy with full employment, the unemployment rate is typically considered to be around 4-5% (the "natural rate of unemployment"). This is because some level of unemployment is always present in an economy, as workers transition between jobs or enter or leave the labor force.

Full employment is considered an important goal of macroeconomic policy, as it is associated with high levels of economic activity and low levels of poverty and inequality. However, achieving full employment is difficult, as it requires a delicate balance between economic growth and inflation, and may be impacted by factors such as technological change and globalization.