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Workforce dropouts may not require a policy fix: Fed's Plosser

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[January 15, 2014]  PHILADELPHIA (Reuters)  The droves of Americans dropping out of the work force may not be a problem that needs to be fixed with policies, Philadelphia Fed President Charles Plosser said on Tuesday.

The U.S. labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, fell 0.2 percentage point to 62.8 percent in December, returning to the more than 35-year low hit in October.

(Reporting by Jonathan Spicer; editing by Chizu Nomiyama)

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