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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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