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).

4 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 better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent 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'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Wednesday, 19 March 2014

Is Cameron's #LongTermEconomicPlan working?

On the face of it, yes, there are signs of progress.

The UK Office of National Statistics released its latest labour market data this morning which allows me to play around with a few numbers.

Unemployment was down 63,000 from August to October 2013 and down 191,000 on the year to 2.33 million for November 2013 to January 2014.

The trend is looking healthy (click chart):


The unemployment rate was 7.2% of the labour force for the January 2014 quarter, down from 7.4% for October 2013 quarter and from 7.8% the previous year.


Employment was up 105,000 from the October 2013 quarter and up 459,000 on the year to 30.19 million for November 2013 to January 2014.


Pay including bonuses for November 2013 to January 2014 was 1.4% higher than a year earlier, with pay excluding bonuses 1.3% higher.

Wages growth remained below the rate of inflation (1.9%) for the 52nd consecutive month and therefore real wages are still falling, but the gap is closing.

Overall, another good set of numbers.

And though my parents will no doubt disown me, I will be voting for dishface.