Summary: Employment up 60,600 in May, more than expected; jobless rate steady at 3.9%, masks “a lot of strength elsewhere” in data; participation rate at new high; jobless rate steady at 3.9% after revisions; fewer part-time, more full-time jobs; aggregate work hours up 0.9%; underemployment rate down from 6.1% to 5.7%. Australia’s period of falling unemployment came to an end in early 2019 when the jobless rate hit a low...