9 Jul 2015
Australian employment: Further job growth ahead – TDS
FXStreet (Barcelona) - Reviewing today’s Australian employment data release, the TD Securities Team sees the numbers suggestive of further job growth ahead.
Key Quotes
“A decent set of numbers from today’s Australian jobs report. Employers added 7.3k jobs in June, better than the flat outcome the market was expecting. A pick up in full time jobs drove the better result, +24k on the month, but 17k part time jobs were shed.”
“The participation rate edged up and the unemployment rate nudged up to 6%, from a revised 5.9% in May but is in line with RBA thinking from earlier this week that the u/e rate has stabilised.”
“While today’s numbers are a lot more believable than the 40k revised jump for May (was +42k initially), other employment indicators suggest further job growth ahead.”
Key Quotes
“A decent set of numbers from today’s Australian jobs report. Employers added 7.3k jobs in June, better than the flat outcome the market was expecting. A pick up in full time jobs drove the better result, +24k on the month, but 17k part time jobs were shed.”
“The participation rate edged up and the unemployment rate nudged up to 6%, from a revised 5.9% in May but is in line with RBA thinking from earlier this week that the u/e rate has stabilised.”
“While today’s numbers are a lot more believable than the 40k revised jump for May (was +42k initially), other employment indicators suggest further job growth ahead.”