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.