Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and 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 is 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 and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and '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 of the world's most popular & widely-read financial publications.

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

Thursday, 13 March 2014

+80,500 full-time jobs in February


The Labour Force data tends to be quite erratic, but a seemingly phenomenal result in February with the economy adding a massive 80,500 full-time jobs - while shedding 33,000 part time positions - for a net gain in employment of a little over 47,000.

Monthly numbers do flip around a fair bit (there was a similarly suspicious rogue print last year due to sample rotation) so the numbers are only ever likely to be indicative as much as anything else.

The job gains were led by Queensland and New South Wales.

All states have added jobs over the past 12 months with the exception of South Australia which continues to struggle and shed jobs.

As the mining construction boom unwinds, NSW has now taken over the mantle from Western Australia as the state with the lowest rate of unemployment.

Meanwhile unemployment levels are most elevated in the southern states of South Australia (6.7%) and Tasmania (7.3%).

Source: ABS

The total number of employed persons increased to 11, 502, 200.

Graph: Employed Persons

Source: ABS

The unemployment rate remained steady at 6.0%, so it is hoped that this number will begin to fall as 2014 progresses.

But nevertheless a great result and lovely to see the economy adding so many jobs.

Graph: Unemployment Rate

Source: ABS