Australian jobs report with big misses.
AUD marked lower on the data.
The rise in unemployment and the fall in jobs on the month will argue in favour of an RBA ‘hold’ at its June meeting (on the 6th)
- part-time employment increased by 22.8K
More:
- employment to population ratio decreased to 64.2%.
- underemployment rate remained at 6.1%.
- monthly hours worked increased to 1,933 million.