International student arrivals fail to rebound

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 can“ – Karen Andrews, 22 November 2021.

Last week, the Australian Bureau of Statistics (ABS) released overseas arrivals and departures data for February, which revealed that a net 18,530 permanent and long-term arrivals landed in Australia in February, pushing the quarterly intake to 44,700:

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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.