If you bounce from full time to full time with 75% unemployment you are a no-hire many places and almost universally in a downturn. Consulting and contracting is often used to be vague and even pretend you are unsuccessfully looking for contracts a lot of the time precisely because that is the reality for many and more acceptable for many types of employment.
Sure it’s nice to have the choice to not work between engagements but again you’ll be back to finding the next one