Not only is net migration 50,000 higher than when David Cameron became prime minister, but even non-EU migration - which ministers had claimed to have brought under control - is now increasing rapidly.
Given all that you might imagine there should be a good deal of weeping and wailing inside Number 10.
And yet curiously there isn't. Why not?
In part because there is a view that today's news has hardly come as a bolt from the blue. Most people had already factored in that Mr Cameron wasn't going to meet his pledge.
In part because they think voters still believe Mr Cameron is serious about wanting to reduce levels of immigration and has already set already out further plans to curb so-called benefit tourism.