Aussie jobs snapshot preview: seasonals are supportive - TDS

Ross J Burland FXStreet

Analysts at TD Securities offered a snapshot preview of the key event for the Aussie traders today.

Key Quotes:

"Employment for June is likely to increase by an “average” +20k (mkt +18k) as job ads continue to expand and seasonals are supportive of a solid increase."

"Adding 20k jobs combined with an unchanged 65.5% participation rate leaves the unemployment rate at 5.4%."

"Risks are skewed towards a pickup in the participation rate, all else being equal lifts the u-rate back to 5.5%."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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