QLD resources sector creates new job every hour over a year

The Queensland resources sector has welcomed 8400 new jobs over the past 12 months, according to data from the Australian Bureau of Statistics (ABS), equivalent to one job every hour.

Queensland Resources Council (QRC) chief executive Ian Macfarlane said that the data reaffirmed the resources sector, which is worth $55 billion annually to the state economy, as a key employer for Queensland.

“This is good news for people working in the resources sector and more importantly people looking for work.  The resources sector has hundreds of vacancies looking for men and women to fill,” he said.

“Jobs in the resources sector are good jobs. Resource jobs are well-paid jobs. The mining industry has by far the highest average weekly full-time adult earnings of any industry at $2659 — or over $138,000 per annum.”

According to the ABS’s labour force data, resource sector jobs increased from 56,705 in the May 2017 quarter to 65,180 year on year (YOY), a 15 per cent increase. Jobs in non-metallic mineral mining and quarries increased by a considerable 53 per cent to 4,094 over the last year, while coal and oil and gas jobs increased by 34 per cent and 25 per cent to 28, 945 and 8,069 people respectively in the same timeframe.

A survey of chief executive officers (CEOs) of QRC companies also found that 52 per cent planned to increase their workforce over the next year, with only 9 per cent planning to reduce their workforce.