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<strong><center><a href="http://www.vudaleanf.com/2072/82/261/776/1573.10tt62883642AAF15.php"><H3>Bad Credit or No Credit is Not a Disqualifier</a></H3></strong>
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<p style="font-size:xx-small;">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
ness
would ultimately allow up to 200,000 workers a year into the U.S.
to fill jobs in construction, hospitality, nursing homes and other areas
where employers now say they have a difficult time hiring Americans or
legally bringing in foreign workers. Even after the deal was struck, some
industries, such as construction, continued to voice complaints about the
terms.Without offering details, Graham said on NBC's "Meet the Press" that
negotiators were revisiting the low-skilled worker deal. But he issued a
statement a short time later saying he was confident the agreement would
hold.Graham sounded optimistic overall, predicting the bill would pass the
100-member Senate with 70 votes in favor. Senators believe an overwhelming
bipartisan vote is needed in the Democratic-led Senate to ensure a chance
of success in the Republican-controlled House. Floor action could start
in the Senate in May, Schumer said.Meanwhile two lawmakers involved in writing
a bipartisan immigration bill in the House, Reps. Luis Gutierrez, D-Ill.,
and Mario Diaz-Balart, R-Fla., sounded optimistic that they, too, would
have a deal soon that could be reconciled with the Senate agreement."I
am very, very optimistic that the House of Representatives is going to
have a plan that is going to be able to go to
a conference with the Senate in which we're going to be able
to resolve this," Gutierrez said Sunday on CNN's "State of the Union".
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