That kind of doomer prediction would be more interesting if we did not live in time period with historically high employment rates.
People will believe any statistic that aligns with their mindset.
Unemployment rates are at historical lows within a small margin, it's been 50 years since unemployment has been lower (i.e. something like 60% of Americans have not seen lower unemployment in their whole lives), and since the WWII war economy that they've been significantly lower (i.e. almost nobody alive).
In the UK people sometimes make the claim that the unemployment rate the government is quoting is so low because people have given up even looking
(unemployment rate) = (people not currently working, but actively looking) / (total people)
The first includes all people, the second excludes those not working, but also not looking.
"The Australian Bureau of Statistics (ABS) defines a person who is unemployed as one who, during a specified reference period, is not employed for one hour or more, is actively seeking work, and is currently available for work"
So if you are desperately looking for more work BUT you have a casual job providing 1 hour of work THEN you are NOT unemployed. I mean, it's right there that you have a job.
Given the high rates of casual/part time work in our workforce, unemployment rates mean nothing to me anymore...
https://tradingeconomics.com/euro-area/labor-force-participa...