Sumary of ‘Economic challenges will echo for years to come’: Migration drought puts the squeeze on NSW:
- A new survey by peak body Business NSW found 73 per cent of the state firms were having trouble finding suitable workers – far higher than in 2019 when the share was 55 per cent..
- Business NSW chief Daniel Hunter said skills shortages were “impacting businesses of every size, in every industry sector and in every part of NSW.”.
- The NSW government chief economist, Stephen Walters, said the fall in new migrant and international student arrivals was having “profound real-economy impacts”.
- The decline in international student numbers caused by border closures has been especially damaging to universities, and many service businesses located nearby, such as hospitality and retail….