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.
Friday, 17 February 2017
Youth unemployment improves
The seasonally adjusted youth unemployment rate declined to 12.3 per cent in January, having been as high as 14.3 per cent in the fourth quarter of calendar year 2014.
It always pays to be wary about unemployment rate movements in individual months, but below are the smoothed trend figures for youth unemployment split by gender, which shows a steady improvement.
Quite apart from being critical to the quality of the lives and opportunities for young people, youth unemployment is an indicator worth watching.
Unfortunately, younger employees are all too often the first to be let go when the economy is taking a turn for the worse, something we have probably all witnessed at some point in our careers.
Younger folk are often the last be brought back to the party too when things are picking up, so the figures may be a lagging rather than a leading indicator for those looking for the green shoots of economic recovery.