Australian immigration swings back into negative

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Recall that the Morrison Government in late November announced its intention to import at least 200,000 migrant workers into Australia by July 2022:

“We are working on a figure of 200,000, it may well be more than that but we will be actively looking to bring as many people into Australia as soon as we possibly canKaren Andrews, 22 November 2021.

Today, the ABS released overseas arrivals and departures data for March, which revealed that a net 21,850 permanent and long-term arrivals departed Australia over the month, causing a quarterly decline of 260 migrants:

Quarterly migrant arrivals
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Over the year to March 2022, there were only 7,200 net long-term migrant arrivals:

Annual migrant arrivals

As illustrated below, the ABS’ monthly permanent and long-term arrivals data correlates strongly with the official quarterly net overseas migration (NOM) figures, which are only current to September 2021:

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Australian net overseas migration

Clearly, the federal government’s mass immigration reboot is failing to launch.

About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.