Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Thursday, 14 January 2016

12 million

Youth unemployment down

Youth unemployment is an indicator well worth watching, since when the economy begins to turn south it is this most inexperienced sector of the labour market which can be the most vulnerable.

Unemployment in this age range declined from 13.9 per cent to 12.2 per cent in trend terms since one year ago, following another good result in December.

Original employment data

Unsurprisingly there was a plenty of chat today about unreliable seasonal adjustments to the employment figures.

Nothing new there, of course, but I thought I'd post the original data with no seasonal adjustments below, so you can make your own mind up. 

More than 12 million employed for the first time in December. Lovely to see. 


The Housing Finance figures for November 2015 are due out tomorrow. 

The market expects to see a moderate decline at the national level, with investor finance still pulling back following APRA's cooling macroprudential measures.

This week some signs were evident that lenders are beginning to look at enticing investors again.

Suncorp reduced its lending rates, including for investors, while the bank also increased its loan to value ratio for investors from 80 per cent to 90 per cent.