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'.

Saturday, 18 February 2017

Foreign nationals drive UK employment higher (what next?)

UK employment hits record high

I don't have that all that many British blog readers, truth be known, but this release is well worth a look, not least for what it represents in a global context. 

UK employment has kept on keeping on in the face of all manner of referendum-related uncertainties, to hit a record high of 31.84 million. 

Employment was up +302,000 from the corresponding period a year earlier.

The stimulus has worked, at least for the jobs market. 

The employment rate, meanwhile, hit a new highest level since comparable records began in 1971, at some 74.6 per cent. 

Unconventional monetary policy may have blown share market indices such as the FTSE 100 and FTSE 250 up to unprecedented heights, but there can be no argument that the impact on getting the unemployment rate down has been positive.

Probably the weakest part of the release was the unexpected monthly slowdown in earnings growth.

Nevertheless, it's another good set of numbers for the UK economy.

Interestingly, the growth in employment over the past year was largely driven by foreign nationals.

The wrap

With the pound having fallen post-Brexit referendum, it seems likely that there is some inflation in the post for Britain. 

In fact, globally economies appear to be on the mend, and in many cases inflation is returning, with interest rates seeming likely to move tentatively higher over time.  

Even in the beleaguered Eurozone there have been some better numbers of late than we have become all too accustomed to. 

There will still be challenges ahead, of course, but the 'end of alchemy' could soon be upon us.

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