Preview of Australia's March employment report due Thursday 18 April 2019

The Australian Labour market report is due at 0130GMT

I posted on the report here earlier, previews and what for the AUD:

• Australia March employment report due Thursday 18 April 2019 - preview

Greg has posted also:

• AUDUSD moves higher, then the AUSDUSD moves lower. What to watch next?

For the numbers due:

• Employment Change: expected 15.0K, prior 4.6K
• Unemployment Rate: 5.0% expected %, prior 4.9%
• Full Time Employment Change: prior was -7.3K
• Part Time Employment Change: prior was 11.9K
• Participation Rate: expected 65.6%, prior was 65.6%

Preview via Westpac (in summary)

Employment … Leading indicators have softened

• Our forecast 8k gain in employment holds the annual pace at 2.3%yr.
• it appears that both male and female participation is levelling out in a trend sense and we are closely watching where they go next. We do expect both to edge lower though 2019 as employment growth stalls but not by enough to prevent a rise in unemployment.
• Holding the participation rate flat at 65.6% generates a 31k rise in the labour force, and given our forecast for a soft 8k rise in employment, this should see the unemployment rate lift to 5.1%.