Canary in Coal Mine Gasps as Australia Resource Hires Fall

Canary in Coal Mine Gasps as Australia Resource Hires Fall

Ian Waldie/Bloomberg

Miners arrive back at the surface after finishing their shift at a coal mine in New South Wales, Australia. Almost one in 10 Australian jobs is tied to resource extraction, twice the level of the mid 2000s, according to an RBA paper released on Feb. 20.