• The Australian Unemployment Rate is foreseen unchanged at 4.2% in August.
• Employment Change is expected at 25K, more than halving the 58.2K posted in July.
• AUD/USD stands below 0.6800, with a bullish bias in the Federal Reserve’s aftermath. 

The Australian Bureau of Statistics (ABS) will release the monthly employment report at 1:30 GMT on Thursday. The country is expected to have added 25K new positions in August, while the Unemployment Rate is foreseen to remain steady at 4.2%. The Australian Dollar (AUD) heads into the event with a firmer tone against its United States (US) rival, with AUD/USD hovering around the 06770 level.

The ABS reports Employment Change separating full-time from part-time positions. According to its own definitions,  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. 

Back in July, the monthly employment report showed that Australia managed to create 60.5K full-time jobs while losing 2.3K part-time positions, resulting in a net Employment Change of 58.2K. The Unemployment Rate, in the meantime, rose to  4.2% from 4.1% prior.