Friday’s jobs report came two days after a secondary labor market measure, ADP’s private employment update, flashed a worrisome signal, as the payroll processo

In the latest jobs report, out Friday, there’s some details to like and and some to be worried about. On the “maybe we should worry about this” side, the labor force participation rate — aka the percentage of Americans either working or actively looking for work — dropped to 62.4%, which is well off the recent highs of the past couple years.