It's important to keep in mind that a low unemployment rate does not say anything about the overall quality of jobs in the market.
So while it's a 'strong market' in the sense that 'unemployment is low', it could also be examined from another angle. Which is the rise of the gig economy giving people a lot of opportunities for work, but work that comes at a cost of being heavily exploited like with Instacart. Nor does it say anything about whether or not people are holding full time vs part time jobs or the stagnant wage issues.
yes. "unemployment is low" is a measure of the job market. we can say it's "strong" by that measure. but, as you say, when we look at the actual jobs there's a helluva lot of retail and other low wage, limited benefit positions, positions whose salaries have lagged far behind the skyrocketing costs of health care and higher education.
So while it's a 'strong market' in the sense that 'unemployment is low', it could also be examined from another angle. Which is the rise of the gig economy giving people a lot of opportunities for work, but work that comes at a cost of being heavily exploited like with Instacart. Nor does it say anything about whether or not people are holding full time vs part time jobs or the stagnant wage issues.