The only way to deal with it is proper social welfare, because you can't just "create jobs."
We could have a freer market and near full-employment if we replaced all our social welfare programs with a single minimum living stipend (you apply if you make below it, and if you qualify, get a check for the difference), and abolished minimum wage. It would save tons of money to as so much complicated and unnecessary administration of multiple agencies would be eliminated.
Sadly, a proper social welfare system is exactly what the US refuses to implement. From healthcare to unemployment to disability.
The economy is fine. It's not booming, but companies are flush with cash. The only thing wrong is unemployment, and the only option to deal with it is some form of welfare. The other option is to let the number of unemployed get to a point that social unrest starts becoming a problem.