Incredibly low unemployment doesn't necessarily mean all good news for all workers. You can cut or reduce unemployment benefits, and with the massive increase in CoL, energy and food in the last couple of years, people will desperate enough to accept any job or even several jobs in parallel, no matter how bad they are, and boom, you have almost no unemployment.

Sure, there isn't a shortage of jobs, but they also don't pay terribly great either considering the CoL increases.

So, IMHO, some unemployment is good. It means people have options and are not desperate enough to quickly jump to places with bad pay or poor working conditions, as those will always exit, even when the economy is doing good.