Australia's population growth outpaces world as migrants rush inSYDNEY (Reuters) - Australia s population is expanding at the fastest pace in the developed world as skilled migrants flock to the resource-rich nation, a fillip to economic growth overall but perhaps also a source of puzzling weakness in wages. Government figures released on Thursday showed the number of people resident in Australia increased 388,100 in the year to June, a rise of 1.6 percent on 2015/16. That was far above the global increase of 1.1 percent, and well ahead of the United States  gain of 0.7 percent and Canada s 0.9 percent. There s still plenty of room for more, given the giant continent still only has 24.6 million people, putting it at 53rd in United Nations global population rankings. Much of Australia s growth came in net overseas migration, which surged more than 27 percent in the year to June to 245,500. That was the highest 12-month total since 2009, while the flow into the states of New South Wales and Victoria beat records.  A strong labor market is attracting interstate and overseas migrants to Melbourne, while better housing affordability and jobs growth is driving population growth in Queensland and Tasmania,  said Ryan Felsman, a senior economist at CommSec.  Overall the stronger rate of population growth is boosting spending, demand for infrastructure, demand for homes, and overall economic growth.  Leading migrant countries include China, India, Britain and New Zealand. The flood of newcomers, mostly on skilled migrant programs, is one reason property prices have been on a tear in recent years, especially in Sydney and Melbourne. The extra demand created by all these new Australians was also a major reason the economy grew a brisk 2.8 percent in the year to September. Indeed, strip away population growth and the economy would have expanded by just 1.3 percent. Yet the influx of able bodies has also expanded the workforce right at the time when employers were ramping up their demand for labor, restraining wages growth. Separate figures from the Australian Bureau of Statistics released on Thursday showed a barnstorming 383,000 net new jobs were created in the year to November.  But wages still grew at a pedestrian annual pace of 2 percent, a perfect case of expanding supply benefiting employers rather than those already employed. Policymakers at Australia s central bank have been baffled by the divergence between employment and wages, citing the mystery as an argument against a rise in interest rates anytime soon. worldnews
australia population growth outages world migrants rush sydney reuters australia population expanding fastest pace developed world skilled migrants flock nation filled economic growth overall perhaps also source puzzling weakness wages government figures released thursday showed number people resident australia increased year june rise percent that far global increase percent well ahead united states gain percent canada percent there still plenty room given giant continent still million people putting united nations global population rankings much australia growth came net overseas migration surged percent year june that highest total since flow states new south wales victoria beat records a strong labor market attracting interstate overseas migrants melbourne better housing affordability jobs growth driving population growth queensland tasmania said ryan helmsman senior economist comme overall stronger rate population growth boosting spending demand infrastructure demand homes overall economic growth leading migrant countries include china india britain new zealand the flood newcomers mostly skilled migrant programs one reason property prices tear recent years especially sydney melbourne the extra demand created new australian also major reason economy grew brisk percent year september indeed strip away population growth economy would expanded percent yet influx able bodies also expanded workforce right time employers camping demand labor restraining wages growth separate figures australian bureau statistics released thursday showed barnstorming net new jobs created year november but wages still grew pedestrian annual pace percent perfect case expanding supply benefiting employers rather already employed policymakers australia central bank baffled divergence employment wages citing mystery argument rise interest rates anytime soon worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: Australia's population growth outpaces world as migrants rush inSYDNEY (Reuters) - Australia s population is expanding at the fastest pace in the developed world as skilled migrants flock to the resource-rich nation, a fillip to economic growth overall but perhaps also a source of puzzling weakness in wages. Government figures released on Thursday showed the number of people resident in Australia increased 388,100 in the year to June, a rise of 1.6 percent on 2015/16. That was far above the global increase of 1.1 percent, and well ahead of the United States  gain of 0.7 percent and Canada s 0.9 percent. There s still plenty of room for more, given the giant continent still only has 24.6 million people, putting it at 53rd in United Nations global population rankings. Much of Australia s growth came in net overseas migration, which surged more than 27 percent in the year to June to 245,500. That was the highest 12-month total since 2009, while the flow into the states of New South Wales and Victoria beat records.  A strong labor market is attracting interstate and overseas migrants to Melbourne, while better housing affordability and jobs growth is driving population growth in Queensland and Tasmania,  said Ryan Felsman, a senior economist at CommSec.  Overall the stronger rate of population growth is boosting spending, demand for infrastructure, demand for homes, and overall economic growth.  Leading migrant countries include China, India, Britain and New Zealand. The flood of newcomers, mostly on skilled migrant programs, is one reason property prices have been on a tear in recent years, especially in Sydney and Melbourne. The extra demand created by all these new Australians was also a major reason the economy grew a brisk 2.8 percent in the year to September. Indeed, strip away population growth and the economy would have expanded by just 1.3 percent. Yet the influx of able bodies has also expanded the workforce right at the time when employers were ramping up their demand for labor, restraining wages growth. Separate figures from the Australian Bureau of Statistics released on Thursday showed a barnstorming 383,000 net new jobs were created in the year to November.  But wages still grew at a pedestrian annual pace of 2 percent, a perfect case of expanding supply benefiting employers rather than those already employed. Policymakers at Australia s central bank have been baffled by the divergence between employment and wages, citing the mystery as an argument against a rise in interest rates anytime soon. worldnews
Your task is to classify the provided input as real or fake news. Label 0 is meant for fake news, Label 1 is for real news. TEXT: australia population growth outages world migrants rush sydney reuters australia population expanding fastest pace developed world skilled migrants flock nation filled economic growth overall perhaps also source puzzling weakness wages government figures released thursday showed number people resident australia increased year june rise percent that far global increase percent well ahead united states gain percent canada percent there still plenty room given giant continent still million people putting united nations global population rankings much australia growth came net overseas migration surged percent year june that highest total since flow states new south wales victoria beat records a strong labor market attracting interstate overseas migrants melbourne better housing affordability jobs growth driving population growth queensland tasmania said ryan helmsman senior economist comme overall stronger rate population growth boosting spending demand infrastructure demand homes overall economic growth leading migrant countries include china india britain new zealand the flood newcomers mostly skilled migrant programs one reason property prices tear recent years especially sydney melbourne the extra demand created new australian also major reason economy grew brisk percent year september indeed strip away population growth economy would expanded percent yet influx able bodies also expanded workforce right time employers camping demand labor restraining wages growth separate figures australian bureau statistics released thursday showed barnstorming net new jobs created year november but wages still grew pedestrian annual pace percent perfect case expanding supply benefiting employers rather already employed policymakers australia central bank baffled divergence employment wages citing mystery argument rise interest rates anytime soon worldnews