Australian unemployment rate skyrockets in mining sector

Global Business

mining1

Most analysts agree Australia’s economy is weathering the end to a decades-long mining boom.

A new study shows that the country is ailing in its mining sector, where the unemployment rate has now skyrocketed to nearly 3 times the national average.

CCTV’s Greg Navarro filed this report from Sydney.

Australian unemployment rate skyrockets in mining sector

Australian unemployment rate skyrockets in mining sector

Most analysts agree Australia’s economy is weathering the end to a decades-long mining boom.But a new study shows that is not the case in the country’s ailing mining sector, where the unemployment rate has now skyrocketed to nearly 3 times the national average. CCTV’s Greg Navarro filed this report from Sydney.