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Queensland 4218, Australia
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Recruitment News and Skills Shortage Issues

AUSTRALIAN SKILLS SHORTAGE fuelled by surging mining exports

Overseas Recruitment Services; Aug. 04, 2010
The Australian Bureau of Statistics (ABS) said today that the seasonally-adjusted balance on trade in goods and services widened to a surplus of $3.54 billion in June from a surplus of $1.83bn in May.
 
Economists had forecast a surplus of $1.9bn.
 
Exports rose 7 per cent in June, beating a 2 per cent increase in imports, the ABS said.
 
The value of mineral ore exports jumped 23 per cent in June from May led by iron and copper ores, with exports of coal up 15 per cent mainly due to increased volumes.
The stellar trade account represents a turnaround of $9.9bn in the second quarter from the first quarter, confirming the economy is in the midst of a terms of trade boom that will lift national income sharply.
 
This time around the mining boom in Australia will be even bigger than anything ever seen before, there is already a record number of positions available in the mining industry in Australia, more vacancies exist now in the early days of the latest boom than ever existed during the peak of the last boom.
 
Australia faces record exports from mining and this goes hand in hand with record skill shortages in the Australian mining industry.
 
The Australian dollar rose by around one-third of a US cent on export news and by early afternoon, it was trading at US91.42 cents.
 
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Overseas Recruitment News

Central Queensland Site Services

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