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May 2 (Bloomberg) — Even the strongest job growth in more than two years isn’t enough to entice more people into the labor force, one of the biggest conundrums of the U.S. economic expansion.

Labor force participation, measuring the share of the working-age population either employed or seeking a job, declined in April for the first time this year, helping drive the unemployment rate down to 6.3 percent, the lowest level since September 2008. At 62.8 percent, the participation rate matches the lowest level since March 1978 and is down from 63.2 percent in the prior month.

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