Australian immigration fails to launch
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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 can“ – Karen Andrews, 22 November 2021.
Yesterday, the ABS released overseas arrivals and departures data for April, which revealed that a net 6,920 permanent and long-term arrivals departed Australia over the month, taking the quarterly rise to 35,840 migrants:

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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.
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