Pete Wargent blogspot
Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).
4 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 is one of the finest property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.
"Pete Wargent 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 and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.
"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.
Monday, 24 April 2017
Unemployment rate gets set to fall
Unemployment rate to fall
A number of indicators have suggested an improving outlook for the Australian economy, at least in the immediate future.
Yet the unemployment rate has remained quite elevated at nearly 5.9 per cent on a seasonally adjusted basis.
Flipping the unemployment rate on its head and mapping it against the strong jobs vacancies figures suggests that the unemployment rate should fall as 2017 progresses.
And indeed the IMF recently forecast that Australian unemployment would fall from 5.9 per cent to 5.2 per cent this year.
The May budget has yet to be released, but the above chart suggests it would be justified in assuming something similar.
In reality the unemployment rate has already fallen well below 5 per cent in Sydney.
But elsewhere in the country unemployment and under-employment has been all too common.
A job search is most likely to be fruitful in New South Wales, with the number of unemployed persons per job vacancy having declined to below 3.