[steve_adams_86]

Not sure what to make it of it, but statistics suggest that our per unit output of labour has dropped substantially. So, good employment rate or not, we’re producing less with our labour either way.

This is the case in the United States and Canada, at least. Not sure about the rest of the world.

[YokoZar]

Naively, you would expect a bit of a drop in productivity when going to full employment, as the least productive workers are generally hired last.

Total production, notably, is still increasing.