We think 8.1 percent unemployment is great news, assuming more of the unemployed are now working. But we need to keep a critical eye on the news feeds with analytical balance. Something doesn't add up. Are we celebrating false achievement?
As we observe Labor Day 2011, it's clear that working men and women in the U.S. and Canada are hurting. As more and more money continues to be siphoned off by the wealthiest, the middle class is being decimated.
After being unemployed for two years, I am working again. Instead of being one of the nearly 14 million Americans who are unemployed, I am one of the 8.5 million underemployed, earning about a third of what I was making before I was laid off.