Pete Wargent blogspot

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

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'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, 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 the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Thursday, 25 February 2016

Large states lead job ads

Trend job advertisments increased by +7.9 per cent over the year to January 2016 according to the Department of Employment.

The seasonally adjusted result for the month of January was flat, however the Department urged a little caution over interpretation of the numbers since August due to advertisement processes in transition.

The trend has been of a labour market in recovery since the middle of 2013, but a slow one.

Over the past year job vacancies increased strongly in New South Wales (+14.8 per cent), Victoria (+12.9 per cent), and Queensland (+4.0 per cent), which may bode well for further employment growth in those states. 

There has also been an annual jump in the Australian Capital Territory.

The largest annual percentage gains have largely been seen in services industries, such as medical practitioners and nurses (+32 per cent), carers and aides (+19.3 per cent), and a wide range of professional occupations and managers. 

Source: Department of Employment