AXIOS (Courtenay Brown) - Summer jobs report is a double whammy for workers
Data: Bureau of Labor Statistics ; Chart: Courtenay Brown/Axios America's labor market appeared to be gaining momentum this spring. The latest data makes that rebound look much less convincing. Why it matters: The report isn't as bad as the headline suggests, but the broader picture is still one of a labor market that is less robust than it seemed. - If the trend continues, U.S. workers might find themselves squeezed on two fronts — a weakening job market and high inflation from an uncertain geopolitical conflict cutting into paychecks and household budgets. - For the Federal Reserve, that combination presents an uncomfortable dilemma. Further labor market weakening could push potential rate hikes further into the future, even as…