Due at 0030 GMT, here are the median consensus expectations:

Employment Change November:

  • expected 19.0K, prior 3.7K

Unemployment Rate:

  • expected 5.4%, prior 5.4%

Full Time Employment Change,

  • prior was +24.3K

Part Time Employment Change,

  • prior was -20.7K

Participation Rate,

  • expected is 65.1%, prior 65.1%

---

Preview via RBC (bolding mine):

  • Last month's headline jobs added number of +3.7k was the lowest so far this this year, but strong details including a +23.5k in full-time jobs added, a 0.1% drop in the unemployment rate to 5.4% ensured labour market momentum remained strong.
  • We note the ABS has now rebenchmarked their labour force data, ... The upshot is relatively few changes, for the most recent (Oct) data the unemployment rate estimate stayed at 5.4% but employment to population and the part rate were both lowered 0.1% using the updated sample to 61.7% and 65.2% respectively.
  • This month, the strength of lead indicators including job ads and last month's record NAB business conditions read inclines us toward yet another strong headline gain, which we are forecasting at +25k; however, we expect a small uptick in the unemployment rate to 5.5% reflecting some an increase in the number of unemployed persons after four consecutive declines. The part rate we see falling a touch to 65.1%.

TD Securities:

  • Our +25k forecast continues the strong labour market trend seen so far this year (although annual employment growth could ease to 2.8%/yr).
  • Market range upbeat at +5k to +30k.
  • An unchanged part rate of 65.1% lowers the u-rate to 5.2%, the lowest in five years.
  • If the part rate ticks back up to 65.2%, the u-rate eases to 5.3%. Wages are not released with this report.

CBA:

  • Moderate rise expected in line with favourable forward indicators of job ads and business surveys.

------------

Earlier previews: