The March 2016 2nd Quarter Australian Geoscientist Employment Survey revealed that employment prospects for geoscientists throughout Australia remained at highly depressed levels. At the end of March, the unemployment rate increased from 18.7% at the end of December 2015, and the combined unemployed plus underemployed rate increased from 42.1% to 42.9%. Almost 60% of self-employed geoscientists were unable to secure more than 25% of their desired workload during the quarter, pointing to a real unemployment rate of 33.3%. The combined unemployment and under-employment rate of 42.9% was a new highest rate recorded since the AIG surveys commenced in mid-2009.
The March 2016 survey showed that 49%, almost half, of the Australia unemployed and underemployed geoscientists have been without work for more than 12 months. However, in the past three months, there have been growing but anecdotal signs of some improvement in mineral, coal and petroleum exploration activity. Whether this has translated into real improvement in employment is what the next survey in the series will assess.
Thanks to your support, this survey series is becoming regarded as an important indicator of not only geoscientist employment but the general health of the exploration and mining sectors in Australia. The survey results are reported widely and used to promote and inform others of the health of an industry which is vital to Australian economy.
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