Australia is set to cut back on its quota of skilled migrants by 14 per cent in an effort to safeguard jobs for Australians – the first such move in 10 years.
The federal government plan will cut the quota for the year to the end of June from 133,500 to 115,000, following news that the unemployment rate increased to 5.2 per cent in February from 4.8 per cent in January.
“Clearly, the economic circumstances in Australia have changed as a result of the global financial crisis so it is prudent to reduce this year's migration intake,” said Chris Evans, immigration minister.
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