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