4.4% is the headline number, but there are other measures of unemployment [1] that show we are closer to 8% when you include people that are discouraged from even looking and those working part-time but would prefer a full time job.
There's also a stagnation of salaries relative to inflation and a slow hiring market that has people locked into a job when they'd like to find something better. The K-shaped recoveries have people slipping out of the middle class. Combine with housing increasing faster than inflation, future generations having a lower quality of life than their parents.
The wealthy are doing what they can to try to direct the narrative elsewhere, by controlling media sources, blaming immigrants, blaming China, and blaming the government. But we really have far too much wealth concentration to be sustainable, not unlike the ending of a game of monopoly. If a more stable solution isn't found soon, I fear things will get much worse than they already are.