Jobs on the rise thanks to mining sector

Adam Rollason, an ABC journalist, reports on hope in a diming economy. The mining sector makes more jobs and employment numbers are rising as a result. However the mining sector cannot take all the credit. They made jobs available but it was through online advertising that the word got out, which allowed for more people to be recruited.

As well as unemployment rates falling, the ANZ Job Advertisements Series says that the number of jobs on offer rose by 6 per cent in January. This figure is the highest its ever been since February 2010.

This significant growth in employment and job availability has been attributed to internet job advertising, which rose 6.4 per cent.

Unfortunately this boost in jobs does not apply to all industries; ANZ economist Katie Dean says that some sectors are putting more jobs out there, while others are doing the opposite and shedding jobs.

"We've got those states which are benefitting from the resources sector and those states which are unfortunately a little more exposed to sectors such as manufacturing and retail, which are struggling," Ms Dean said.

"I think there is still a concern that the pace of job creation in Australia might be not enough to cater for increasing population growth that we're seeing here.”

Some financial analysts are saying that the Reserve Bank of Australia (RBA) should leave interest rates on hold for time being. This comes as a response to growth in the job market and an optimistic outlook on the potential for a further employment boost in struggling sectors (such retail). However other analysts and economists are urging the RBA to play it safe and continue easing rates until the job market heals completely.

 

 

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