Mining and resources jobs continue to decline

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By Leith van Onselen

DFP Recruitment has released its mining and resources jobs index, which registered a 2.5% fall in July – the third consecutive monthly fall – with the index also down 9.8% over the quarter:

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The trend shows no dramatic overnight fall but rather a steady month by month erosion in demand. The decline cannot be attributed to single events but rather a combination of factors also alluded to in our previous reports. It is encouraging to note that over the past 3-6 months demand has stabilised in the Queensland market. Unfortunately, the opposite has occurred in Western Australia with demand seeing a reduction that was not apparent late last year or in early 2014…

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Exploration and Coal Mining stand out as the weakest performing sectors although Exploration shows signs of stabilisation…

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Full release here.

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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.