The growing issue that could make migrating to Australia less attractive

The Australian Bureau of Statistics said on Thursday Australia's unemployment rate for Australia in September was 4.7 per cent — the highest it's been since October 2021. The August rate was initially flagged as 4.6 but revised up to 4.7. It's expected to rise over the next two years, as the government and Opposition have all sought to reduce net overseas migration (NOM). The International Monetary Fund forecast unemployment in Australia would climb by 0.3 per cent, from 4.4 per cent on average this year to 4.7 per cent next year, at which point the number of Australians out of work would approach 800,000. Economics and public policy commentator Abul Rizvi told SBS News a weak labour market would turn away not only migrants, but also Australian citizens. "What you will see is an increase in departures and reduction in arrivals," he told SBS News.