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%.”
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