RP Data has today released a short note (below) summarising the latest ABS demographic statistics, which provides a similar assessment to my analysis published last week.
According to RP Data’s Tim Lawless:
Mr Lawless said the release of the Australian demographic series over 2013 will be an interesting flow of data to monitor.
“The last time we saw a weakening labour market was back in 2008. This result created an adjustment to migration policy around migration intake which resulted in a slump in population growth.”
“With labour markets likely to see a rise in the national rate of unemployment and jobs creation running below trend, we may once again start to renewed pressure to reduce migration quotas in response to the softening labour market.”
“Looking at the more timely overseas arrivals and departures data, it appears that long-term and permanent arrival numbers from overseas are starting to level off at near-to historic highs,” Mr Lawless said.
Full report below.
RP Data – Population Growth & Housing (June 2013)
