I'd argue that employment data is so manipulated it's basically useless at this point.
I'd say 4/6 people I know working in tech (devs, pm's etc) are unemployed at the moment. Those looking for work are getting maybe one interview per 30 applications. These are people with FAANG credentials and over 8yrs of experience.
And that's in tech, can't imagine how things are going in other industries.