How good is the collapse in immigration?

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Below is my latest Macro Breakdown, which discusses how the collapse in immigration over the pandemic is responsible for delivering the lowest unemployment and underemployment rates in 14 years, alongside the highest share of Australians in jobs on record:

The video is basically a condensed summary of the report, Thank no immigration for Australia’s roaring jobs market.

The Macro Breakdown series resides on my YouTube channel at Leithvo.

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.