Australia’s population rose by 64,000 to 23.626 million in the final quarter of 2014, an increase of 330,200, or 1.42%, on a year ago, according to new figures from the ABS released this week. Natural increase and Net Overseas Migration contributed 44% and 56% respectively to the total population growth for the year ended 31 December 2014.
The statistics show that net migration into Western Australia has plunged by two-thirds in just the past two years, dropping from 56,300 in 2012 to 18,900 last year. Migration to Queensland has also dropped heavily, from 43,600 to 24,200. But migration to Victoria and NSW — where the economies remain firm — has continued at elevated levels, with the 69,900 migrants to NSW last year the highest in five years.
Australian National University demographer Peter McDonald told The Australian that, ideally, a migration program responds to swings in labour demand. “These numbers suggest it is doing just that.’
The ABS job vacancies survey, which is considered the most reliable measure of labour demand, shows continued strengthening from the weakness over much of 2013-14.
The number of job vacancies across the country is up 6.6 per cent from a year ago, with most of that growth in Victoria and NSW, while the number of vacancies in Western Australia has dropped
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