The Reserve Bank of Australia (RBA) released its quarterly bulletin yesterday, which contained an article examining the impact of the mining investment boom on the Australian labour market.
According to the RBA, on-site resource construction employment is estimated to have increased six-fold between the mid-2000s and 2013, from around 15,000 to 90,000 jobs. And the RBA’s liaison-based estimates suggest that the labour required to operation these newly-built mines and LNG plants will be only around one-third of that required during the construction phase. As such, there is likely to be a significant decline in resources-related employment.
