Australia: Unemployment Rate s.a. (May): 5.5% vs 5.6%

The <a href="http://www.fxstreet.com/fundamental/economic-calendar/event.aspx?id=9ff4533a-0a0d-467e-af83-7e703f76777c">Australian employment change from May rose by 1.1k vs -10.0K expected and 50.1K prior. Meanwhile, the jobless rate stood at 5.5% vs 5.6% expected and 5.5% previously. The part-time employment increased by 6,400. The participation rate decreased 0.1 pts to 65.2%. Lastly, aggregate monthly hours worked decreased 11.5 million hours to 1,628.5 million hours. The AUD/USD is higher on the news, however, according to Greg McKenna, Founder at GlobalFX, "AUD is having an overstated reaction to an average number."