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, 8 April 2017

US unemployment rate drops to 4.5pc


The US Bureau of Labor Statistics (BLS) reported a much slower month in March, with only 98,000 jobs added and a further 38,000 jobs wiped off the previously reported figures for January and February. 

Retail jobs the apparent culprit.

Clearly a much weaker result, although looking through the noise average payroll gains for the first three months of the year were a solid enough 178,000. 

With well over 10 million jobs added under Obama, we are now greeting a new Presidency, for better or worse.

Average hourly earnings increased by 5 cents in March following an increase of 7 cents in January to be 68 cents higher over the year at $26.14. 

The annual growth in average hourly earnings slowed to 2.7 per cent. 

Despite the poor monthly figures the unemployment rate dropped to just 4.5 per cent. 

While this may look odd given a flat participation rate and weaker monthly job gains, in the context of the strong run of employment growth since June 2016 it may not be such a surprise. 

Australia's labour force figures for March aren't due out until Thursday, but it increasingly looks to be the case that unconventional policies have worked a treat elsewhere while leaving laggard Australia in the dirt!

Small wonder our bond yields are falling...

Overall, the Fed will probably still hike rates by June, but the rise in rates may be gradual if softer numbers persist.