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ll to 63.3 percent last month. It's the lowest such figure since
May 1979.The falling participation rate tarnished the only apparent good
news in the jobs report the Labor Department released Friday: The unemployment
rate dropped to a four-year low of 7.6 percent in March from
7.7 in February.People without a job who stop looking for one are
no longer counted as unemployed. That's why the U.S. unemployment rate dropped
in March despite weak hiring. If the 496,000 who left the labor
force last month had still been looking for jobs, the unemployment rate
would have risen to 7.9 percent in March."Unemployment dropped for all the
wrong reasons," says Craig Alexander, chief economist with TD Bank Financial
Group. "It dropped because more workers stopped looking for jobs. It signaled
less confidence and optimism that there are jobs out there."The participation
rate peaked at 67.3 percent in 2000, reflecting an influx of women
into the work force. It's been falling steadily ever since.Part of the
drop reflects the baby boom generation's gradual move into retirement. But
such demographics aren't the whole answer.Even Americans of prime working
age 25 to 54 years old are dropping out of
the workforce. Their participation rate fell to 81.1 percent last month,
tied with November for the lowest since December 1984."It's the lack of
job opportunities the lack of demand for workers that is
keeping these workers from working or seeking work," says
city,
origins or previous ownership history," she wrote.On Friday, The Washington
Post reported that Fuqua's 84-year-old mother, who operated an art school
for decades in Fairfax County under the name Marcia Fouquet, is an
artist who specialized in reproducing paintings from Renoir and other masters.
The Post said Fouquet had artistic links to Baltimore in the 1950s,
when the painting was stolen, and graduated from Goucher College with a
fine arts degree in 1952.A man who identified himself as Fuqua's brother,
Owen M. Fuqua, told the Post that the painting had been in
the family for 50 or 60 years and that "all I know
is my sister didn't just go buy it at a flea market."The
man later retracted his story, and ultimately said it was another person
using his name who gave the initial interview.Efforts by the AP Friday
to reach Martha and Owen Fuqua Friday were unsuccessful. Martha Fuqua's
lawyer did not return a call Friday seeking comment.The FBI has an
ongoing investigation, according to spokeswoman Lindsay Godwin.Meanwhile,
U.S. District Judge Leonie Brinkema ordered all parties seeking to claim
ownership of the painting to make their case in written pleadings later
this month.
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