The Australian employment report for May is due at 0130GMT
- Employment Change: expected +10K, prior +37.4K
- Unemployment Rate: expected 5.7%, prior 5.7%
- Full Time Employment Change: prior was -11.6K
- Part Time Employment Change: prior was +49K
- Participation Rate: expected is 64.8%, prior was 64.8%
Westpac preview is here
ANZ & Barclays here
CBA now:
- The May employment report headlines the week ahead on the Australian economic calendar.
- Employment has risen solidly over the past two months and the balance of probability points to a softer report in May.
- We have pencilled in no change in employment over the month which would take the trend rate of jobs growth to around 30k a month.
- A small fall in the participation rate should keep the unemployment rate steady
And ... bonus! Business Insider's David Scutt has his preview here: Your 10-second guide to today's Australian jobs report
