Australian jobs market report coming up Thursday 19 May 2022 – growth in jobs expected

Read full post at forexlive.com

The report is due at 0130GMT.

This
snapshot (below) is from the ForexLive economic data calendar, access
it here.

• The
  numbers in the right-most column are the ‘prior’ (previous month)
  result.
• The
  number in the column next to that, where is a number, is the
  consensus median expected.

Westpac are looking for a below-consensus headline result:

• Given that weekly payrolls suggest weather and holiday events dampened jobs growth in April, Westpac anticipates employment to lift by 20k for the month.
• The participation rate holding flat at 66.4% should see unemployment rate move downwards (Westpac f/c: 3.9%).