That doesn't measure underemployment, nor does it measure people who've given up on finding work. That's why it needs to be considered alongside things like the labor force participation rate - which has been on a downward trend since 2000 - and alongside wage growth, which has lagged below inflation since the 70's.
> January 2024 saw the most growth followed closely by December 2023.
Which jobs, specifically? At what pay? Destroying a $50k/year job to create two $25k/year jobs ain't progress.
Wage growth beat inflation by almost double most months last year, rising around 5-6% YoY each month vs ~3-4% inflation. https://www.statista.com/statistics/1351276/wage-growth-vs-i...
This focus on unemployment is absurd. It has nothing to do with the wealth gap.
More people working, but always with less wealth, while companies keep getting richer.
We could as a society literally end unemployment at any time by redistributing some of the wealth. We don't because it's more profitable to have people worrying if they will be able to eat every month.