Australian unemployment rate skyrockets in mining sector

Global Business

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

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.