So I don't think you can say "austerity did not hurt", it did, it was the major cause of the '20 depression. And as I said before, we have been experiencing a local govt austerity situation since 2007, local govt firings have been the largest sector of job losses and that has all been due to declining state/local revenues. Those govts have no choice but the layoff/fire, they cannot go into debt. Those workers (along with housing sector workers) have not been absorbed back into the workforce, again, the combining of govt firings (forced austerity) with non-govt firings has created a perfect storm. More austerity at the fed level is not going to get those state/local govt workers rehired.
But as I keep saying, you cons and libertarians should be rejoicing in this, you are getting fewer govt workers and you are getting less total govt spending. Your problem is that the private market has not responded in snapping up all this excess labor......but then why should it when it is able to still make massive profits while squeezing even greater productivity from the existing workforce.
Again, this is a great time for you pure capitalists, don't be concerned about high unemployment, it keeps your labor costs low.