Economic and job growth are closely tied to energy consumption. While jobs can grow faster than energy use when efficiency kicks in, the cost may be lower wages.
Job openings declined 2.06 percent since June, climbing 7.65 percent above the level seen a year ago, according to the latest data from the Bureau of Labor Statistics. Job hires declined 1.68 percent from June but rose 1.73 percent above the level seen in July 2011.
The middle class isn't spending because the values of their homes have plummeted, they've lost much of their savings, and their wages are dropping. Reich argues that Obama has a way to correct this, or at least not make it worse.
The total unemployment rate includes both the traditional unemployment rate as well as marginally attached workers. The traditional unemployment rate also decreased in August, down to 8.1 percent.