AXIOS (Courtenay Brown) - Jobs report gives labor market a yellow card
The job market entered the summer with less momentum than looked to be the case just a month ago. Why it matters: Call it a yellow card for the labor market. Thursday morning's employment report doesn't undo three months of stronger hiring, but it does warn that the rebound is less durable than first thought. - Hiring has remained concentrated in a handful of industries, leaving fewer opportunities for Americans looking to switch jobs or reenter the workforce. What they're saying: "June's jobs report put a damper on the fireworks, coming in well below expectations and pointing to a labor market that's more fizzle than sparkle," Glassdoor chief economist Daniel Zhao wrote Thursday morning. Driving the news: Payrolls rose by 57,000 in June…