Summary: Employment up 76,000 in May, more than expected; ANZ: robustness of labour data to date “undeniable”, suggests some ongoing momentum in economy; MSA: trend still a gradually softening one, consistent with forward indicators; participation rate rises to 66.9%; jobless rate falls to 3.6%; more part-time, full-time jobs; aggregate work hours down 1.8%; MSA: hours worked increase has “interesting implications” for RBA's productivity focus; underemployment rate ticks rises to 6.4%....