[aksss]

Unemployment is about where it was in 2017, which continued to drop all the way until 2020. So not as low as it was pre-pandemic, but objectively quite low, yes. Doesn't take away from your point.

https://tradingeconomics.com/united-states/unemployment-rate

[s1artibartfast]

U-3 unemployment is a garbage metric for most applications because it ignores anyone who has given up or underemployed.

U-6 is a much better metric that doesn't sweep these factors under the rug.