A total of $684,800 will be allocated to two projects in Canberra which Minister for Women's Economic Security, Jane Hume, said would drive a higher participation rate and further close the gender pay gap.

"These projects will get more Australian women into higher-paid and non-traditional industries and occupations where women are under-represented, and provide information and advice on returning from a career break," Senator Hume said.

One project worth $345,000 will be awarded to Australasian College of Road Safety for a road safety project.

Another $339,800 will be given to Baringa Childcare Centre for early learning funding.

A total of 42 projects will be funded nationally through the Commonwealth's National Careers Institute.

This is the third round of funding and totals $10 million.

"Projects will be delivered by training organisations, universities, community groups, industry bodies and local governments and help women at all career stages to make better connections between their education and training and help them succeed in their chosen career," Senator Hume said.

Employment Minister Stuart Robert said increasing women in the labour market was vital to the country's economic recovery.

"The Australian economy is firing as employment and participation hit record highs and the unemployment rate has fallen to 4.0 per cent, so there has never been a better chance to strengthen your career prospects," he said.

"These new projects are focused on helping women get the most out of their careers and it is worth noting women around the country are already benefiting from our strong economy, with the female participation rate rising to reach a new record high of 62.4 per cent in February 2022."

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