Mining jobs boost labour market

Mining jobs in resources states have helped boost job advertisements on the internet and in newspapers to their highest level in almost two years.

According to ANZ research released yesterday, job advertising had strengthened sharply in mining states, rising six per cent in January.

Newspaper job ads in New South Wales and Victoria collectively rose 0.4 per cent from November 2011 to January 2012, while in mining states Queensland, Western Australia, and the Northern Territory the rise was 2.6 per cent.

ANZ head of Australian economics and property research Ivan Colhoun said in a statement the growth was uneven but showed the strength of the mining industry.

"This tentative improvement in job ads is very encouraging and is being driven by acceleration in the mining regions of Australia (in Queensland and the Northern Territory in particular in recent months), confirming the awaited significant acceleration in mining investment is now beginning to boost labour demand in these states," he said.

The research said mining states were continuing to "significantly outperform the rest of Australia" but total unemployment was expected to rise from 5.2 per cent to 5.5 per cent this year.

ANZ said the sharp demand for mining jobs and tentative rise in non-mining regions had reduced the need for the Reserve Bank to make further interest rate cuts.

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