Why does periods of low interest rates create jobs?

It can, if two additional conditions exist. 1)Banks have to be willing to lend the money, and at a low interest rate. 2)Companies have to see that demand for their products exceed their capacity to produce the product, so they will borrow to expand their manufacturing capacity and make money. This creates more jobs.

Right now banks aren't lending

, and consumers demand doesn't justify borrowing to expand capacity. The question is how do we get people buying and how do we get bankers lending. The answer is banks need borrowers with collateral. There are few borrowers with collateral

. How do we get people buying? Wages need to increase.