No.
In Robert Bringhurst's The Elements of Typographic style – pretty much a bible amongst typographers – he states:
We should “[u]se spaced en dashes – rather than close-set em dashes or spaced hyphens – to set off phrases.” Bringhurst then adds this devastating indictment:
The em dash is the nineteenth-century standard, still prescribed in many editorial style books, but the em dash is too long for use with the best text faces. Like the oversized space between sentences, it belongs to the padded and corseted aesthetic of Victorian typography.
I have no excuse: I read that book, and I thought I was quoting his advice from memory.