Mining leads nation’s job losses

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By Leith van Onselen

The ABS yesterday released quarterly labour force data, which provides a breakdown of employment at the industry level.

According to this data, which is presented below in trend terms, the mining extraction industry shed 14,600 jobs in the November quarter and 43,000 jobs over the year. At the other end of the spectrum, construction (which funnily enough includes resources projects) rose by 15,900 over the quarter and by 47,400 over the year. Science jobs (up 8,400 QoQ; 56,300 YoY) have also picked up strongly, whereas public sector (-31,000 YoY) and manufacturing (-21,100) have retrenched sharply (see below charts).

ScreenHunter_5536 Dec. 18 16.21
ScreenHunter_5537 Dec. 18 16.21
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.