Immigration static as Labor backs up visa dump truck

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Yesterday, the Australian Bureau of Statistics (ABS) released overseas arrivals and departures data for May, which revealed there were a net 6,750 permanent and long-term arrivals into Australia over the month, although the quarterly intake fell to only 12,380 migrants:

Net long-term arrivals into Australia

Failing to launch.

Over the year to May 2022, there were only 61,560 net long-term migrant arrivals:

Annual migrant arrivals

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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.