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, 4 August 2015

Real unemployment falls for 5th month

One of the benefits of slower population could be that we see the unemployment rate decline.

We have already seen the unemployment rate on the ABS Labour Force decline to 6.0 per cent from 6.3 per cent as I looked at here.

Roy Morgan Research released its real unemployment estimates yesterday which showed real unemployment declining for a 5th consecutive month to 8.7 per cent, down from 9.3 per cent in May.

The release showed 11,576,000 Australians are now employed, up by a large +474,000 since July 2014 to a new high.

Yesterday's report also showed a record 7,900,000 Australians are now employed full time, up by some +547,000 since July 2014.

The number of Australians looking for work fell by 168,000 or 1.5 per cent over the year to July 2015.

An improving set of numbers.

It will be interesting to see to what extent these findings are mirrored by the ABS Labour Force figures which are due to be released on Thursday this week.

Read the rest of the Roy Morgan report here