Trickle of migrants double-edged sword
5:00AM Thursday June 21, 2007
By Brian Fallow
The net inflow of migrants has dwindled to a trickle this year, easing pressure on the housing market but doing little to relieve labour shortages.
Last month permanent and long-term arrivals exceeded departures by 360, Statistics NZ reported. The figure is based on airport declarations of people saying they intend to stay, or intend to be gone, for at least a year.
For the first five months of 2007 the net inflow has been 2100.
If that rate is sustained for the rest of the year the gain will be only 5000, compared with the average gain of more than 12,000 for the past 16 years.
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