Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

'Must-read, must-follow, one of the finest property analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for in-depth analysis' - David Scutt, Business Insider.

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts, the most comprehensive analyst I follow in Australia...follow Pete Wargent' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Monday, 30 May 2016

Jobs ads trickle higher

Jobs ads levitate

The Department of Employment job advertisements series showed a solid +2.8 per cent increase in April 2016.

In trend terms, vacancies have improved by 5.9 per cent in the year to April 2016.

Trend vacancies are now 18 per cent higher than at the October 2013 low point.

Although things are moving steadily in the right direction, seen in the broader context the recovery in the labour market has been a slow process. 

The recovery has been driven by New South Wales, where vacancies have jumped to 65,810 to be 13.6 per cent higher than a year ago, and Victoria, where 45,044 vacancies represent an 8.3 per cent year-on-year improvement.

At the other end of the spectrum, vacancies have declined by 16.1 per cent in Western Australia. 

Source: Department of Employment