AUD: Nothing in jobs report to stir the RBA into action – TDS

Research Team at TDS, suggests that there was nothing in today’s job report to stir the RBA into action.

Key Quotes

“The headline came in a touch below expectations, +10.8k vs +12k f/c. The unemployment rate was unchanged at 5.7% (vs mkt at 5.8%), but the participation rate moved down a notch to 64.8% from 64.9%, trending lower now for 6 months. There were some downward revisions to prior months, but they were not significant.”