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Regardless, it's all relative. When things were booming, what was the "other" unemployment at? Ten percent? Higher?
Unemployment is used as one measure of several for understanding a nation's relative position in the current business cycle. It's not used purely for figuring out how to solve unemployment in the quest for full employment.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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