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).

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 is 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 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'.

"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 of the world's most popular & widely-read financial publications.

"Wargent is a bald-faced realty foghorn" - David Llewellyn-Smith, MacroBusiness.

Wednesday, 21 January 2015

UK Unemployment Falls to 5.8 Percent

UK unemployment fell from 6 percent to just 5.8 percent in November, the lowest since Q3 2008 and down from 7.1 percent a year ago.

Unemployment fell by 58,800 over the last quarter to be 412,000 fewer than a year ago.

Total employment crept up by another 37,000 q/q (clearly slower growth) to be an impressive 512,000 higher than a year ago at a record 30.8 million.

UK wages growth excluding bonuses were up by 1.8 percent, at long last well ahead of the rate of inflation, although there is plenty of "catching up" to do here.

Inactivity was a little higher over the quarter, but the proportion of persons aged 16 to 64 is up over the past year from 72 to 73 percent.

Lovely to see!


Tomorrow we will take a look at some more detailed Labour Force figures for Australia as at December 2014 - which I expect will show some ugly results for parts of regional Australia - as well as taking a look at employee earnings.