SYDNEY (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.