The labour market report for Australia in May is due at 0130GMT on Thursday 14 June 2018
- Employment Change: K expected 19.0K, prior 22.6K
- Unemployment Rate: % expected 5.5%, prior 5.6%
- Full Time Employment Change: K prior was +32.7K
- Part Time Employment Change: K prior was -10.0K
- Participation Rate: % expected 65.6%, prior was 65.6%
Previews posted, collating them in one place here for easy access:
- Not long until the Australian jobs report - preview (ANZ)
- Australian jobs report due today - preview (NAB, CBA, RBC)
- Australian employment report due today - preview (WPAC)
And, adding ….
TD:
- Employment is expected to lift by 25k in May, buoyed by upbeat leading indicators, as well as favourable seasonals. If the participation rate remains at 65.6% (after last month's uptick) then the unemployment rate eases a pip back to 5.5%, where the RBA expects it to be. The volatile nature of this monthly series hints at a boost to part-time jobs at the expense of full-time.
Also, Daiwa:
- Bloomberg's survey suggests that the market expects employment to have grown about 20k last month - similar to the April outcome - and the unemployment rate to have remained at 5.6%. Such an outcome would have no implications for the RBA's firmly 'on hold' monetary policy.
(bolding mine)
