Employment has not (edit: recently) been the problem.
The problem is that food prices are insanely high, home prices are insanely high, rent is insanely high, etc. Incomes haven't kept up with inflation, especially asset price inflation, and economic inequality is as bad as it has ever been.
And this situation developed while unemployment rates were generally low (except during the pandemic). I think we're focusing on the wrong measures.
The problem is that food prices are insanely high, home prices are insanely high, rent is insanely high, etc. Incomes haven't kept up with inflation, especially asset price inflation, and economic inequality is as bad as it has ever been.
And this situation developed while unemployment rates were generally low (except during the pandemic). I think we're focusing on the wrong measures.