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$vuetify.icons.faPhone1300 650 620

Migration reversal exacerbates worker shortage

Media release

Migration reversal exacerbates worker shortage

Media release
“Australia’s population growth slowed to just 0.3 per cent over the year to the September Quarter of 2021, close to the slowest rate of growth for more than 100 years,” stated Nick Ward, HIA Senior Economist.

ABS data released today shows the estimated resident population in all states and territories. This is the compilation of the natural rate of population growth, overseas migration, and interstate migration.

“Population growth has slowed as net overseas migration, previously a source of growth, has reversed and turned negative,” added Mr Ward. 

“Migration is an important source of young people, including workers. The reversal of migration is almost certainly contributing to the worker shortages that businesses are experiencing. 

“A return to stable and reliable skilled migration pathways is central to a return to stable economic growth,” concluded Mr. Ward.

Population growth has fallen significantly but remained positive in: Queensland (+1.11 per cent), Western Australia (+0.67 per cent), New South Wales (+0.30 per cent), South Australia (+0.14 per cent) and Tasmania (+0.03 per cent). Population growth has turned negative in: the Australian Capital Territory (-0.07 per cent), the Northern Territory (-0.24 per cent) and Victoria (-0.49 per cent).

Australia's population growth by component - moving annual total

For more information please contact:

Nick Ward

Senior Economist

Tim Reardon

Chief Economist
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