Question
Participation rate for Australia, Seasonally Adjusted People (%) Males (%) Females (%) Sep - 2023 66.8 71.0 62.7 Oct - 2023 67.0 71.3 62.9 Rate
Participation rate for Australia, Seasonally Adjusted | |||
People (%) | Males (%) | Females (%) | |
Sep - 2023 | 66.8 | 71.0 | 62.7 |
Oct - 2023 | 67.0 | 71.3 | 62.9 |
Rate of Growth in Labor Force Participation Rate | |||
People | Males | Females | |
Oct- 2023 | 0.289% | 0.358% | 0.212% |
Calculate the labor force participation rate for Australia (persons). Be careful and use the seasonally adjusted measure for labor force. What is the rate of growth in labor force participation rate for persons, male and females for the month of October 2023? Give the rate of growth upto 3 decimal places. What do these figures for October tell us about the long run trend of participation rate?
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