Labor force participation rate, and jobs-to-population rates are worrisome.

New York Times columnist Neil Irwin gets a 40,000-foot view of what to be encouraged by and what to be cautious about on the heels of the latest employment report from the Department of Labor this past Friday.

The two big issues to fret are labor force participation rates--which are down--and wages, which in many industries are luke-warm at best. Irwin writes:

In terms of the day-to-day experience of American workers and potential workers, the new numbers point to how much repair there is left to take place.

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