173,500 jobless people is "low unemployment"?

David Benson-Dope says, "High unemployment is a thing of the past. Low unemployment and high labour force participation are now standard features of the employment scene."

173,500 jobless people is "low unemployment"? Lindsay Mitchell has both figures and analysis. It makes Benson-Dope look like a word starting with 'l' that you can't use in parliament.