Australian Employment Preview: unlikely to trigger sustainable gains

From fxstreet.com

Australia will release this Thursday its June employment data. The economy is expected to have added 10.0K new jobs in the month, after adding 42.3K positions in May. The unemployment rate is foreseen steady at 5.2%, and the same goes for the participation rate, seen unchanged at 66.0%. Back in May, the economy added 39.8K part-time jobs, and just 2.4K full-time ones, usually seen as negative, despite the impressive headline. Also, wage growth is currently running at 2.3% YoY, well below the 4.0% considered “healthy” average. Depressed wages are a drag for inflation, and subdued inflation has resulted in the RBA ... (full story)