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'.

Tuesday, 29 December 2015

Wasted youth?

Youth unemployment falling

Not an angle that is likely to get much airtime, I suppose, but between January and November seasonally adjusted youth employment jumped by more than 76,000 persons or 4.3 per cent to 1.86 million.

Which is quite a lot. Quite a big lot! 

And much faster than employment growth as a whole, even in trend terms.

In turn, youth unemployment has also been declining from its November 2014 peak. 

This is a worthwhile trend to watch, not least because those experiencing unemployment in this age range may on average be more likely to join the ranks of the longer term unemployed.

It is also a key metric since when times are turning tough it is likely to be the most inexperienced workers that are shown the exit first (or simply not hired in the first place), and as such rising youth unemployment can act as an early warning signal for troubled times ahead. 

Of course, the youth unemployment as is typical remains higher than the headline rate of unemployment at 5.8 per cent, but by a lower ratio than average.

Hoping to see more of the same in 2016.