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.

Monday, 8 February 2016

"Unemployment rate now in cyclical decline"

ANZ released its Job Advertisements data series, which noted that: 

"The unemployment rate now appears to be in a cyclical decline".


Total job advertisements rose by +1.0 per cent in the month and increased by +11.2 per cent over the year to January 2016, mainly driven by internet job ads, confirming the trend improvement in hiring intentions which has now been in place for 27 months. 

Total employment increased by a huge +305,000 in 2015, although looking at the shape in the job advertisements chart suggests that some of this momentum may just now be fading. 

As you can see in the chart above, job advertisements are now at their highest level in 3.5 years.

The strongest trends, perhaps unsurprisingly, have been found in New South Wales.

Overall the survey suggests modest continued employment growth in early 2016.