Australia on Friday increased permanent migrant admissions for the fiscal year to 195,000, up 35,000 or 22%, as it seeks to address widespread staff shortages and reduce reliance on short-time workers.
What happened: “It doesn’t make sense to bring people in, have them for a couple of years and then bring in a new cohort to adapt to the Australian working environment,” the Australian Prime Minister said Anton Albanese Reuters told media on the sidelines of a government work summit in Canberra reported.
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This comes after the COVID-19 pandemic caused a massive staff shortage in the country, leaving companies struggling to find staff to stay afloat as an exodus of holiday workers and international students left the country.
“We want people to have… one mortgage, to start a family, to join the Australian family. Migration is part of our history,” Albanese added.
The developments are effective for the current financial year ending in June 2023.
Meanwhile, the country’s unemployment rate is 3.4%, a nearly 50-year low. However, the labor shortage is leading to rising inflation in the country.
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