Australia's April employment data are out today

Australia's employment data are out today. Recent employment gains have been far beyond what leading indicators and an economy still growing below potential would suggest. 

As such, a correction is expected in April's numbers to the tune of -10k (consensus +4K) which would mean some downside for AUD after briefly breaking 0.8000 overnight. 

A -10k outturn would likely result in a 0.1ppt increase in the unemployment rate to 6.2%.