CITIGROUP's Australia and New Zealand chief economist Josh Williamson expects Australia to add about 20,000 jobs in June, reflecting a seasonal slowdown after strong May payrolls. With the participation rate seen roughly steady, the unemployment rate should tick down to around 4.3%. Williamson said CITIGROUP's employment forecast is skewed to the downside due to weak productivity, a low potential growth backdrop and elevated inflation.

2026-07-17

CITIGROUP's Australia and New Zealand chief economist Josh Williamson expects Australia to add about 20,000 jobs in June, reflecting a seasonal slowdown after strong May payrolls. With the participation rate seen roughly steady, the unemployment rate should tick down to around 4.3%. Williamson said CITIGROUP's employment forecast is skewed to the downside due to weak productivity, a low potential growth backdrop and elevated inflation.