Low unemployment means there are plenty of jobs available. Those jobs are available because employers believe they can increase revenue by shelling out more money on headcount. So those employers believe there's still money to be made in the market.

That's an interesting take I'll have to give some more thought to. I don't think that it's clear that employers think the economy will grow in a way that yields more abundant and cheaper Goods. Maybe I'm Wrong and we'll see in GDP outpacing inflation from all of the new jobs. Maybe they just haven't had a chance to materialize in real GDP growth

GDP is an averaging function, that doesn't show the underlying distribution.

Poor people can be doing better while rich people are doing worse. Since economic activity is mostly about how the ultrawealthy are doing, there's always a recession when they're doing badly

That's an interesting thought. Do you think poor people are helped more by the employment numbers than hurt by the inflation?

Unemployment isn't low because more people are working. It's low because retiring Boomers shrank the labor force.

Fewer workers = less production.

Fewer people looking for work = low unemployment.