Diana Mousina, Deputy Chief Economist at AMP, joins Mark Bouris to discuss the latest property market insights and economic indicators.
Key Topics covered in this episode:
– March unemployment rate rises to 3.8% while employment falls by 7,000 jobs
– Importance of focusing on unemployment rate as key labor market indicator
– Definition and current status of underemployment in Australia
– RBA now looks beyond just unemployment rate to assess full employment
Employment Growth Discussion
– Large job gains in sectors like healthcare, education, professional services
– Impact of growth in government jobs on economy’s productivity levels
– Policies to boost productivity: personal income tax cuts, higher GST, business investment incentives, immigration reforms Interest Rates Outlook
– Prediction that RBA will start cutting rates in August/September
– Expectation for two rate cuts by end of year
