Unemployment to tick up today?

Labour Force data out at 11.30am.

Expecting to see unemployment tick up today from last month's surprise 5.5%, perhaps even to 5.7%.

The April figures showed 50,100 jobs added (+0.4%) but if ABS past history is anything to go by we'll see a chunk of those figures wound back in May.

Such is the way of ABS employment figures...

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