WA is in the most confident resources jobs market that it has seen in years, with a new report indicating employers believe stable commodity prices are here to stay.
Recruiter DFP Resources, which tallies industry job ads, said there had been a 2 per cent rise in ads in WA in October and 25 per cent over the year.
“The index for WA is now 77.19, which is as confident a market job seekers have seen in several years, with hopefully more growth in store next year,” said a report out this week.
Importantly, the report said the correlation between job vacancies and commodity prices have again aligned.
“For the last two years the correlation between job vacancies and commodity prices dissolved,” the report said.
“While prices rose sharply in 2016, employers resisted the temptation and remained cautious awaiting greater confidence that the level of commodity prices were sustainable.
“It appears that this correlation may now be re-established.
“While aggregated bulk commodity prices have steadied in the last few months, employers have continued to slowly build their workforce.
“The indices have now levelled around the 80 mark — based on a starting point of 100 in November 2013.”
Nationally, year on year vacancies are 34.2 per cent higher than in October 2017.
DFP researcher Bob Olivier said it was likely WA was at the forefront of a rebound in the number of jobs for engineering trades and technicians, and for riggers and labourers.
The most active employers in WA included BHP Billiton, the Snowden Group, BP, Rio Tinto, Newmont Mining and Fortescue.
Nearly half of the 103 BHP jobs currently advertised across the world are in WA.