> More than half of the decline came from a statistical correction to the population level in January and from the steady effects of an aging population, not from workers exiting the labor market. But part of the decline is due to June’s sharp drop in the participation rate among workers ages 25 to 54.

> While dramatic, the June drop brings the participation rate among these prime-age workers back to a level consistent with those of recent years.

nothing to note unless it continues to drop