Home' Employment Forecast : MyCareer Employment Forecast April 2011 Contents Total Jobs
The mining juggernaut continues to grow in Australia. Jobs are growing nationally at a staggering 18%, a rate reminiscent of
the 2006/07 boom times. The growth has been supported by the strong expansion of this sector in 2010, when the value of
mining exports increased by 25% to $165 billion. The biggest component of these exports was iron ore, with $47 billion. About
half of this growth was due to price increases and about half due to volume increases. One of the few commodities that dropped
in exports was uranium oxide, down 27%. With the issues surrounding the recent damage to the Japanese nuclear plant due to
the earthquake and tsunami, it is likely these fgures will fall further. It is also likely to encourage a buyer switch to other energy
sources such as LPG and coal.
WA continues to be the dominant state, accounting for 43% of total jobs in the Mining Sector. This share is increasing, as in 1995
it accounted for 35% of the jobs. The growth in WA continues to be particularly strong and there are continued reports of skills
shortages. The Mining Sector is also adding jobs in SA and Queensland, although the recent fooding in Queensland has put a
temporary stop to jobs growth. It is predicted it will only be temporary as the sector ramps up production again to meet contracts.
Victoria has a small mining sector, in which jobs fell slightly.
Although the threat of a carbon tax could be a dampener, already BHP Billiton has announced it will not be deterred from its
signifcant expansion plans. The company has just announced $9.5 billion expansion plans for iron ore and coal production in
Australia. This includes spending $6.6 billion on its iron ore operations in WA and $2.5 billion on its Queensland coking coal
facilities. Finding enough skilled people to support these projects will be an issue. Already this is a problem in WA where Rio Tinto
and Fortescue Metals are expanding iron ore operations and Chevron and Woodside Petroleum are building large-scale natural gas
In terms of the outlook, job vacancies in this sector have reached a new record of 8100 and business confdence is also at near
record levels. The EMDA model is predicting the sector will continue to add jobs, reaching a rate of 17.3% by the end of the year.
With such strong growth, this sector will continue to have diffculties fnding suitably skilled workers.
MyCareer Employment Forecast
This sector has returned to stellar growth levels and there is more to come
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