DFP Recruitment has released its mining and resources jobs index for May, which registered another large seasonally adjusted fall of 4.9% to 53.87, with permanent vacancies down 43.80% nationally over the past year, and by 16.8% over the last quarter (see next chart).
Job vacancies continue to follow commodity prices downwards (see next chart).
The precipitous national fall was also felt across all states, with job vacancies falling by 8.6% in May, 26.6% over the quarter and 45.6% over the past year in Western Australia. By comparison, in Queensland, vacancies have fallen 1.2% in May, 2% in the quarter and 15% year on year (see next chart).
Western Australia’s share of mining and resources jobs has also fallen to 44.9%, its lowest share on record (see next chart).
Meanwhile, job vacancies across all sub-components have fallen hard, with the exception of exploration (see next chart).
The mining jobs bust is well and truly on, with much more pain to come as large resources projects are completed.
