Aussie jobs snapshot preview: seasonals are supportive - TDS

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%."