The Government is approving around 15,000 work visas a month and 5000 residence visas.
The latest figures from the Ministry of Business Innovation and Employment (MBIE) show 15,198 work visas were approved in September, with work visa approvals increasing for three consecutive months, rising steadily from 11,511 in June to 15,198 in September.
However, those figures are still below where they were last year when there was still a shortage of overseas workers in the wake earlier Covid-related travel restrictions.
The latest figures show on average fewer work visas are being approved each month now than they were prior to the pandemic hitting, when around 20,000 approvals a month was the norm. See the graph below.
According to MBIE, there were 188,364 people in New Zealand on work visas at the end of September.
That number has declined slightly for six consecutive months, from the March high of 200,643, and is now well below March 2020's 10-year high of 222,054.
The number of residence visas being approved has settled between 4000 and 5000 a month since the start of this year, with 4956 approved in September.
Those numbers appeared to have settled again after a surge in 2022 and 2023 from the 2021 Resident Visa scheme which fast tracked residence visa approvals for people who had already been in NZ for a significant length of time on work visas.
However, current residence visa approval numbers are running well ahead of where they were pre-Covid when they were averaging around 3000 a month. (See graph below).
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