Proof immigration is driving unemployment up

If you want bonafide proof that record levels of immigration are driving Australia’s unemployment rate up, look no further than the below table from Roy Morgan Research:

The population aged 14-plus soared 513,000 in the year to February 2023 amid record immigration. And this lift in labour supply easily outpaced the growth in jobs, resulting in higher levels of unemployment and underemployment.

As explained by Michelle Levine, CEO of Roy Morgan, “with immigration returning after the pandemic, people are entering Australia in record numbers. The population in Australia increased by more than 500,000 in the last year alone, clearly impacting the employment numbers”.