Employment increased 28,400 to 12,856,600 persons. Full-time employment increased 13,900 to 8,799,800 persons and part-time employment increased 14,500 to 4,056,800 persons. Unemployment increased 5,800 to 695,200 persons. Unemployment rate remained steady at 5.1%. Participation rate increased 0.1 pts to 65.9%. Monthly hours worked in all jobs increased 3.3 million hours to 1,782.1 million hours. SEASONALLY ADJUSTED ESTIMATES Employment increased 42,300 to 12,868,200 persons. Full-time employment increased 2,400 to 8,792,900 persons and part-time employment increased 39,800 to 4,075,400 persons. Unemployment ... (full story)

With the headline unemployment rate lagging behind market consensus, AUD/JPY slumped to a fresh intra-day low near 75.00 during early Thursday. Australia’s May month employment report flashed mixed signals. The headline unemployment rate rose past 5.1% forecast to match 5.2% previous whereas employment change grew beyond 17.5K market consensus and 28.4K earlier to 42.3K. Further, the participation rate surged to 66.00% from 65.8% expected and prior. The long-lasting US-China trade tussle continues to steal the show while negatively affecting the global risk sentiment. Neither the US President Donald Trump’s tweet nor ... (full story)