Preview of the Australian Employment report (May) due at 0130 GMT on Thursday 13 June 2019


The Reserve Bank of
Australia is focused on developments in the labour market. They’ve
indcated they reckon a circa 4.5% unemployment rate is needed to get
inflation back to their target. Its above 5%.

For today:

Employment Change: K

Unemployment Rate: %

Full Time Employment Change: K

  • prior was -6.3K

Part Time Employment Change: K

  • prior was +34.7K

Participation Rate: %

Earlier previews:

This via ANZ:

  • We expect the federal election will have helped boost employment in May by 35k. This could push the unemployment rate back to 5.1% from 5.2% in April. It is unlikely that a strong result for the labour market in May would be carried forward, with leading indicators for employment deteriorating. 
  • Our Labour Market Indicator suggests a material slowdown in employment growth is approaching


Products You May Like

Articles You May Like

NZDUSD, AUDUSD Tumble to Support. RBNZ, RBA Rate Cut Bets Deepen
French FinMin Le Maire: EU Ministers agree to the EU Budget – AFP
Trade Wars and Tariffs Have Put the US Auto Industry in Peril
Global Markets Subdued as Traders Eye Fed – 17 June 2019
Tutorial Forex Pin Forex Trading System No Repaint

Leave a Reply

Your email address will not be published. Required fields are marked *