Permanent jobs recovering
Long awaited improvement in full-time work but still a question mark over the future
Wednesday 18 October 2017
According to a mining and resources job index out this week, permanent roles are up nearly 50% this year, outperforming the 34% increase in contract work.
The figures come from the latest DFP Mining and Resources job index which overall has seen the job index rise to the highest level since 2014, off the back of strong employment growth in both Queensland and Western Australia.
“Both permanent and contract roles grew by 5.7% in September, and on an annual basis, the gap widens with permanent jobs up 49.3% and contract roles up 34.2%. ” DFP said.
“Despite this, the permanent index is lower at 75.77 compared to 82.08 for the contract index, reflecting the fact that permanent roles declined further during the downturn.
“Both are extremely encouraging conditions for job seekers after such a difficult period following the mining investment boom.”
DFP bases the index on the type and number of jobs advertised within the mining sector across Australia.
In September the index rose nearly 6%, bringing the total improvement in the last 12 months to 42.4%.
Encouragingly for local business, much of the demand growth has been in Queensland.
“Once again Queensland has outperformed Western Australia,” DFP said.
“ Queensland’s job market rose a very healthy 9.5% in September, and the state has enjoyed a 24.7% rise in job opportunities in the last three months and a 52.4% rise in 12 months.”
Interestingly the index also identified some activity in the Queensland gas exploration sector. According to DFP, there was a 12% improvement in job opportunities in the oil and gas sector taking it to the highest level in two years.
“ The gas sector is under particular scrutiny at the moment, and one of the more positive consequences of the Federal Government’s drive to increase local supply may well be increased overall production and consequent job creation,” DFP reported.
“ The index rose to 51.10 in September, its highest level since March 2015 and should any relaxation in gas exploration be granted by state governments; this will inevitably help create further employment opportunity.”
Unfortunately, there has not been any positive news for Geologists where job opportunities continue to: “shrink at a concerning pace”.
DFP says the number of jobs ads fell by more than a quarter in the last three months, undoing most of the improvements that were seen early in 2017 and casting a shadow over the mining jobs of the future.