Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), & CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

5 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he's one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written, yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data & charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, author of the New York Times bestsellers 'End Game' & 'Code Red'.

"The level of detail in Pete's work is superlative across all of Australia's housing markets" - Grant Williams, co-founder RealVision - where world class experts share their thoughts on economics & finance - author of Things That Make You Go Hmmm, one of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, 'MacroBusiness'.

Tuesday, 7 March 2017

Job ads consolidate after January spike

Jobs ads hold their ground

When figures are reported every month, sometimes they are higher than the previous month, and sometimes they are lower.

To make sense of the noise, a trend figure is often reported in addition to the seasonally adjusted result.

There was a big 4 per cent jump in job advertisements in January to a seasonally adjusted 167,164, the highest in years.

In that context the seasonally adjusted February result of 165,643 was still pretty good, consolidating the spike in the preceding month. 

The annual rate of growth was a very solid +6.9 per cent, according to ANZ's series


Source: ANZ

Such a rate of growth in job advertisements points to an unemployment rate that is likely to continue trending lower.

It's worth noting that the ANZ doesn't provide much texture - for example, there have been more part time jobs than full time jobs added in recent times. 

Nevertheless, ANZ reported that it sees a steadily improving labour market across the remainder of 2017.