Your 10-second guide to today's Australian jobs report

Jobs and Growth. Photo: Stefan Postles/Getty Images.

Like it or loathe it, Australia’s June jobs report will be the centre of attention of Australian financial markets today.

The release has a knack of offering up surprises, particularly the volatile seasonally adjusted figures. This report, perhaps more so than normal, will be no exception.

Here’s the state of play.

  • In May, employment increased by 17,900 to 11.931 million, topping expectations for a smaller gain of 15,000.
  • It left total employment growth over the past year at 224,800, up 1.9%.
  • Full time employment came in flat, leaving the gains over the past 12 months at 64,700. That equates to an annual increase of 0.8%.
  • In comparison, part time employment grew by 17,900, leaving total growth from May 2015 at 160,100. This equates to an enormous 4.4% increase compared to the levels of a year earlier.
  • Female employment growth over the past year stood at 141,000, an increase of 2.62%. Males, in comparison, recorded growth of just 83,800, a rise of 1.33%.
  • With the national participation rate holding steady at 64.8%, the unemployment rate held at 5.7% for a second consecutive month.
  • Total hours worked increased by 27.7 million hours to 1,643.1 million hours, an enormous rise of 1.7%.
  • Turning to today’s report, employment growth is expected to slow with the median economist forecast looking for an increase of 10,000.
  • The forecasts for employment growth are wide — even more so than normal — given uncertainty generated by the construction of the survey.
  • The National Australia Bank has warned that rotational effects in the survey’s construction could result in a large downside miss in employment growth.
  • With participation tipped to remain steady, the unemployment rate is expected to edge up to 5.8%.

The Australian Bureau of Statistics (ABS) will release the report at 11.30am AEST.

Business Insider will have full coverage as soon as the data drops.

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