IT'S never been a better time to be a miner, builder or white collar professional but new jobs figures show agriculture and manufacturing workers are in for another five years of pain.
Predictions of a slowdown in the mining sector have been buried after the Federal Government almost doubled its forecast of jobs growth for the sector.
More than one in every 10 new jobs created in the next five years will be in mining, with 103,700 jobs to become available.
The estimate in 2011 - when confidence and investment in the sector was at an all-time high - was 5.3 per cent or about one in 20 jobs.
The Aussie Jobs report also shows the agricultural sector's share of total employment growth will shrink from a previously predicted 2.1 per cent to just 0.6 per cent.
Manufacturing's share has also shrunk.
AMP chief economist Shane Oliver said the figures came as a shock.
"Mining investment is cooling down and the Reserve Bank and the government have been revising down their expectations, and I would've thought that would lead to slower employment,'' he said.
"The level of activity in the sector is still very high. The peak in optimism about mining employment and mining generally was 2011.''
Conditions are also looking tough for people with only a Certificate I or secondary education, with university-educated workers and people with apprenticeships set to get the lion's share of new jobs.
Employment Minister Bill Shorten said training was vital in the 21st century jobs market.
"More and more employers are seeking workers with formal qualifications,'' he said.
"That is precisely why the Gillard Government is investing billions in skilling our workforce and encouraging lifelong learning.
"Those with a bachelor degree or equivalent will be most in demand over the next five years, showing the importance of skilling Australians to ensure continued productivity growth.''
Read more: http://www.news.com.au/news/mining-keeps-digging-up-jobs/story-fnehlez2-1226567666398#ixzz2JsHFmNYD
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