I wouldn't employ myself to answer this, even were I in a grammarian's employ!

Yes, it has the meaning of remarkable, striking, and superior but it usually conveys positive connotations. Using it could employ a feeling of sarcasm.

It is a positive thing that this was put in place but I think it allowed US born companies to move outside the borders when the American worker became too expensive to employ and allowed those companies to trade within the borders allowing for positive returns on short investments.

Adjective forms for the verb to employ are employable and employed.

The verb is to employ (employs, employing, employed).