The unemployment rate fell to levels not seen since August 2007, before a bubble in the U.S. housing market began to burst. The fall was driven partly by the creation of new jobs, and partly by people retiring and otherwise leaving the labor force. The labor force participation rate ticked down to 62.7 percent.
So uh, inflation is still a thing (at a fairly steady rate) and retirement plans have imploded and people have less savings than ever, so they should be having to work longer, right? Unless those people are actually dropping dead, a reduction in the labor force participation rate at this time equals an increase in the actual unemployment rate, as defined by the number of people seeking employment. People who are partially employed and either going farther into debt or neglecting their health because they can't afford deductibles and/or time off (or both) are not only a growing segment of the population but also not represented in the unemployment rate.
Last I checked, a million new jobs hadn't made any improvement in the number of people seeking work. This is really the only relevant statistic of this bunch, and it's not presented here. Hmmmmmm.