Pete Wargent blogspot


'Must-read, must-follow, one of the best 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, Markets & Economics Editor, Sydney Morning Herald.

'I've been investing 40 years & still learn new concepts from Pete; one of the best commentators...and not just a theorist!' - Michael Yardney, Amazon #1 bestseller.

Saturday, 2 June 2018

Wicked leaks (US unemployment drops to 18-year low)

Trump leaks payrolls

Trump implied on social media that the jobs markets would be strong sending currency traders into a spin.

And - surprise! - they were good numbers.

Employment increased +223,000 in May, in doing so racking up a record 92nd consecutive month of gains. 

The 3-month average gains were a solid enough +179,000. 

The unemployment rate fell to the equal lowest level since 1969 at just 3.8 per cent.

And the annual growth in average hourly earnings resumed its upwards trend at +2.7 per cent (the blip related to hurricanes).

Tightening to continue; insider trading case to be investigated, I'm sure.

Makes you wonder what else is being leaked, hey.