The total level of employment was flat whereas a total of 10,000 jobs had been expected. This pushed the unemployment rate from 4.9% to 5.1%.
The data is still reasonably ok but what it will do is allow the RBA to cut rates next month with greater ease, as they would be reluctant to do so if the unemployment rate was below 5%.
The AUD should overall remain heavy on the crosses for the coming weeks, what with risk aversion and pending rate cuts.