Graphs like this is pretty much useless. Governments around the world, not just the US, will use numbers like this to "prove" that there's plenty of work. It just don't work like that. What good is it that there a two jobs out there, just for you, except one is as an engineer and one is as a neuro surgeon and so far you only ever worked at a sandwich shop.
The majority of unemployed people are nowhere near qualified, or even able to hold the jobs that are available. Some simply don't have the IQ for it, some have mental issues or other health problems, unable to afford to relocate and some simply aren't cut out for the job market. I have an acquaintance who is basically dependent on unemployment being 0%. He's a nice, interesting and somewhat smart guy, but he don't understand jobs and is unable to hold a job for more than a few months.
It doesn't matter if there are plenty of work, because the pool of people able to fill those positions are way more limited than governments and companies are willing to admit.
The majority of unemployed people are nowhere near qualified, or even able to hold the jobs that are available. Some simply don't have the IQ for it, some have mental issues or other health problems, unable to afford to relocate and some simply aren't cut out for the job market. I have an acquaintance who is basically dependent on unemployment being 0%. He's a nice, interesting and somewhat smart guy, but he don't understand jobs and is unable to hold a job for more than a few months.
It doesn't matter if there are plenty of work, because the pool of people able to fill those positions are way more limited than governments and companies are willing to admit.