Sherman’s News and Editorials

Good to be back from Kauai, that wa s anice vacation rentals and some nice real estate also…According to statistics from BLS.gov,
non agriculatural payroll employment increased by about one hundred and fifty thousand in May, while the unemployment
rate was unchanged at around 4.5 percent, the Bureau of Labor Statistics of the United States
Department of Labor reported today.  The health care & food service industries both managed to adde jobs,
while employment declined in the manufacturing sector, unfortunately.  Meanwhile, the average hourly earning rate amanged to rise by
6 cents, or 0.3 percent, in May. Real estate was still taking abeating. By the way this kauai vacation rentals and real estate site is top notch overall.
In the same month, employment in general was unchanged at some 145.9 million, and the em-
ployment-population ratio held firm at around 63%.  The civilian labor force also
was the same, at 152,000,000, while the labor force participation rate
stayed at 66%.  Both the employment-population ratio and labor force
participation rate were down by 0.4% since the end of 2006.
Earning rates are important, but to get a wider perspective you should of course also
take a look at the inflation numbers, since inflation dicates spending power of that earned income.
According to Newsmax online, the MoneyNews publication as well as the Financial Intelligence Report, the dollar has been inflated recently – despite claims that the official CPI is “low”
I do not know if this claim is actually tru, but that was the report.
But whether these reports are true or not, I tend to view inflation a big threat to America’s global strength, and most importantly our wealth as American citizens. Not to switch topic or anything but if you are going to the island of Kaui and either need some vacation rentals or other types of Kauai Real Estate then I can endorse this leading site for real estate on Kauai.
I mean, if you get a 5% raise, but inflation jumps 10%, who really benefits from this. I also find that fact that our manaufacturing base shrunk (yet again)
to be truly troubling, especially in light of the recent reports that so many manufacturing jobs have gone to China and India in recent years.
While this may save some corporations some money and add a few nickels to investor’s dividends, it seems to me that this is bad for the long term economic health of the country. I wonder how the real estate market will fare overall.