International students live on the edge of job market
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Justin Fabo at Antipodean Macro has compiled data from the Australian Bureau of Statistics (ABS) showing that the unemployment rate for recent arrivals to Australia surged to around 8% in Q3, up from around 5% at the trough.
In comparison, unemployment rates for other cohorts have risen by only around 0.6% from the trough.
Fabo also provided the following chart showing the huge rise in labour force participation rates among recent migrants, i.e., those that arrived in Australia less than five years ago:
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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.