Pete Wargent blogspot

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

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

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

"I've been investing 40 years yet I still learned new concepts; one of the finest young commentators" - Michael Yardney, Amazon #1 bestseller.

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'Superlative work' - Grant Williams, founder RealVision.

Friday, 30 September 2016

US jobless claims at 43-year lows

Thanks Obama...

US initial jobless claims, seen to be a proxy for lay-offs, were up a notch from 251,000 to 254,000, but have now been chugging along under 300,000 for 82 consecutive weeks according to the latest Department of Labor figures. 

That's the longest such streak since 1970.

The 4-week moving average of 254,000 is the lowest level in my lifetime (since November 1973, in fact, when a reading of 233,000 was recorded).


Bonza.