Tuesday, November 6, 2007

Trading boom to spur commodity jobs growth

Also from Reuters (see below):

Jobs in commodity markets are set to grow at an exponential rate again next year as companies rush to join the trading boom triggered by strong demand and new money.

The number of available jobs in the sector, which includes agricultural commodities, metals, oil and energy products and carbon emissions, will jump 25 percent on average, matching this year's growth. That compares with 10 percent in 2006.

Banks, brokers, utility companies and natural resource firms will in some cases be looking for support staff and risk management specialists, but in the main the focus is expected to be on traders and analysts.

"There's been a lot going on in the commodities space. Big banks have been aggressively hiring and we expect hiring will go forward at a strong pace next year," said Ben Deschampsneufs, a consultant at Selby Jennings....MORE