Pete Wargent blogspot

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

'Huge fan of your work. Very impressive!' - Scott Pape, The Barefoot Investor, Australia's #1 bestseller.

'Must-read, must-follow, one of the finest analysts in Australia' - Stephen Koukoulas, ex-Senior Economics Adviser to Prime Minister Gillard.

'One of Australia's brightest financial minds, must-follow for accurate & in-depth analysis' - David Scutt, Business Insider.

'I've been investing 40 years yet still learn new concepts from Pete; one of the finest young commentators' - Michael Yardney, Amazon #1 bestseller.

'The most knowledgeable person on Aussie real estate - loads of good data & charts...most comprehensive analyst I follow in Oz' - Jonathan Tepper, Variant Perception, 2 x NYT bestseller.

Monday, 7 August 2017

US unemployment falls to 4.3pc

US recovery powers on

US employment increased again for a record 82nd consecutive month in July, up by +209,000.

Over the past 3 months payrolls gains have averaged +195,000.

The unemployment rate ticked down to 4.3 per cent.

Despite this low unemployment rate - and the longest unbroken spell of employment growth on record - average hourly earnings growth remains relatively subdued at +2.5 per cent.