URGENT: Why has Australia's participation rate generally increased over the past five or so years?

Question

It's very urgent like the rest. Please answer if you can withint the next few hours!

Answer 1

I assume that you mean participation in the work force.

As employment rates rise jobs are easier to get and so the Discouraged worker" is not discouraged. They register as unemployed seeking work - there is hope now. Another factor is the need for money due to increased interest rates etc.

Hope this helps.

Answer 2

participating in what?

being in economics, do you mean NY Stock Exchange?

The Aussie dollar has been steadily rising against the greenback over the last few years. Not too long ago, one Aust dollar would buy you $0.60 US. Now it buys about $0.94 US.

This gives Australia greater buying power on the world market