Australia: Unchanged unemployment rate for June - TDS

Sandeep Kanihama FXStreet Contributor

Analysts at TD Securities note that the Australia’s unemployment rate for June remained unchanged at 5.2%, in line with market expectations.

Key Quotes

“Full time employment in June rose 21.1k while part time employment fell by 20.6k. A positive surprise was the drop in underutilization, which fell to 13.4% in June from 13.7% in May. The labor force participation rate held steady at 66%. Todays outcome should leave the RBA comfortable to sit it out on the sidelines not needing to sweat a poor outcome.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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