What does Jeremiah 31:20 mean?

Isn’t Ephraim my precious child, the one I delight in? Even when I speak against him, I still remember him. My heart aches for him, and I’ll show him mercy, says the Lord. Jeremiah 31:20 - Modern Text Bible

(God’s love for His people is deep and unwavering, even when they mess up. He feels compassion and promises to forgive.)