would be true if the jobs were of the same kind as the jobs in the 1960s. But these are not 40 hr/week jobs. They’re not even part time w/unemployment jobs. Yet they are still counted “as if” they were identical to the kinds of jobs available 50 years ago. But they’re not. This isn’t limited to 2022. The way unemployment is calculated changed a decade or two ago which changed the notion of ‘jobs’. Not just in the USA but I think most major countries made the change, so it makes unemployment rates always look much better than they really are. Add to that the gameplaying of companies right now (not hiring to save money and pretending “people don’t want to work” while not hiring the people that apply – getting people accustomed to bad customer service) – and it’s not an equivalent situation to 50 years ago.

HOWEVER: it is true “on paper”. Also, more importantly, the author of the article wrote “the book” (or a book) on Keynes – the man behind Keynesian economic theory – the one that encourages government spending in order to boost the economy with the knowledge of inflation as a possible side effect and not worrying because any excess inflation can be taken care of with careful taxation increases – and you can see the perspective of the author.