Australian Unemployment Rate seen unchanged at 4% in June with solid job creation

• The Australian Unemployment Rate is foreseen unchanged at 4% in June.
• Employment Change expected at 20K, down from the previous 39.7K.
• AUD/USD struggles to extend gains ahead of the announcement.

With sentiment dominating financial markets, the Australian Bureau of Statistics (ABS) will release the monthly employment report on Thursday at 1:30 GMT. The country is expected to have added 20K new positions in June, while the Unemployment Rate is foreseen to remain steady at 4%. The Australian Dollar (AUD) heads into the event with a firmer tone against its United States (US) rival, with AUD/USD trimming part of its early week losses. 

The ABS splits the headline Employment Change figure into full-time and part-time positions. As a rule of thumb,  full-time jobs imply working 38 hours per week or more and usually include additional benefits, but they mostly represent consistent income. On the other hand, part-time employment generally means higher hourly rates but lacks consistency and benefits. That’s why full-time jobs have more weight than part-time ones when setting an AUD directional path.