We are definitely in a low-wage job boom. Everywhere here in Northern Colorado are HELP WANTED signs for minimum-wage or near-minimum wage unskilled blue and white collar work. (Around $15/hr)
Yet career-level skilled blue and white collar workers remain long-term unemployed.
Unemployment rate for college grads is 3.5%. Less than a college degree is 9.3% and HS degree at 6.9%, although that is artificially high as so many in that category are “looking” for work, but not actually looking for work to maintain their sweet benefits.