More people leaving New Zealand than arriving
More people are now leaving New Zealand than are entering, despite this not being the case during the Christchurch earthquakes and the global financial crisis.
Figures released by the Labour Department show that "permanent and long- term" migration is declining, from an increase of 16,500 last year to just 3900 this year, and a net loss of 4000 for this year, reports the Dominion Post.
Vasantha Krishnan, of the Labour and Immigration Research Centre, said this will not be a long-term trend, with a net gain of about 6000 permanent migrants expected in 2013. The figure related to people who have the intention of staying in New Zealand for more than one year, or New Zealanders how are returning after being away for at least a year.
The report notes that this migration pattern is consistent with the end of previous decades, and the GFC and earthquakes had disrupted the travel plans of some New Zealanders.
The report adds that recent increases in trans-Tasman migration shows that emigration from New Zealand has increased toward the pre-recession levels. However, better job prospects in New Zealand as well as a slowing job market in the Tasman has allowed the Labour Department to forecast fewer departures later this year.
The NZD exchange rates on 07/02/2012 were as follows: GBP NZD = 1.903, EUR NZD = 1.5864, USD NZD = 1.1974, AUD NZD = 1.2926, CHF NZD = 1.3125, INR NZD = 0.0243, AED NZD = 0.3263, MXN NZD = 0.0944, CAD NZD = 1.2032, ZAR NZD = 0.1583, RUB NZD = 0.0402, . See today's New Zealand Dollar Exchange Rate
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