The Reserve Bank of Australia is watching developments in labour markets for the timing of its next monetary policy move.

This is the Australian Bureau of Statistics report on jobs for June 2019:

Employment Change: +0.5K

  • expected +9.0K, prior +42.3K

Unemployment Rate: 5.2%

  • expected 5.2%, prior 5.2%
  • ps, going deeper into the decimals u/e is 5.24% in June from 5.19 in May.

Full Time Employment Change: 21.1K

  • prior was +2.4K

Part Time Employment Change: -20.6K

  • prior was +39.8K

Participation Rate: 66.0% expected 65.9%

  • prior was 66.0%

Unchanged unemployment rate. If it had have ticked higher it would have pressured AUD. As it is, u/e rate remains unchanged in the headline .

For the AUD/USD, a move up:

---

For background to this, and what the RBA is targeting for the unemployment rate: