Pete Wargent blogspot

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

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

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

'I've been investing 40 years yet still learn new concepts from Pete; one of Australia's 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' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

'Superlative work' - Grant Williams, founder RealVision.

Wednesday, 16 September 2015

6 year high for UK wages growth

A pretty good jobs report for the UK economy with total pay and regular pay growth up to +2.9 per cent.

This takes regular pay growth to its trongest level in 6 years.

Inflation is stuck at zero (and with a 0.4 reading to drop off next month, appears likely to turn negative) so real wages are now recovering well.

That said, with employment seemingly rising again, some level of inflationary pressure should return in time.

3m/3m employment increased by +42,000, meaning that total employment is set to recapture record highs, while unemployment is now 5.5 per cent, down from 6.2 per cent one year ago. 

Decent report, and a nice little leg up for the pound.