The Most Important Economic Number Isn't GDP or Unemployment. It's Wages.

Decreases in the full extent of unemployment do tend to translate eventually into higher wages.

In the past, stimulating economic growth was an effective way to decrease unemployment and increase wages. But this is not true any more, as the US in recent years has seen lots of growth in total economic figures with little benefit for workers. We need to stop measuring the economy with total wealth, total production, etc.