Immigration economic bonus

INCREASED immigration would impact badly on Australia’s unemployment but be good for the economy, according to the latest Morgan & Banks Job Index.

Morgan & Banks’ John Banks said more than one-third of bosses thought an increase in immigration would lead to an increase in unemployment.

“Employers in Queensland are most concerned, with 41.9 per cent believing unemployment would rise if there is an increase in immigration,” Mr Banks said.

“However, almost two-thirds of the respondents – 64.9 per cent – believe increased immigration would have a positive impact on the economy.

“Employers in Victoria (73.6 per cent), South Australia (69.6 per cent), the ACT (65.1 per cent) and Queensland (62.5 per cent) judge an increase in immigration to be a positive influence on the economy.

“The perception that increases in immigration would result in increases in unemployment was most strongly held by the transport, health and telecommunications sectors with relatively high numbers of employers in the legal, utilities and engineering sectors believing unemployment would decrease.

“Those industries believing an increase in immigration would have a positive effect on the economy included chemical and oil (76.9 per cent), engineering (70 per cent), services (71.7 per cent) and utilities (76.2 per cent).

“There was no differentiation in opinion due to company size.”

The Morgan & Banks Job Index involves a survey of 3,146 employers around Australia.

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