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Referee Danny Makkelie shows a yellow card during the match between the U.S. and Paraguay at the World Cup last month. (The U.S. won 4-1.) Photo: Alex Livesey; FIFA/FIFA via Getty Images
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.
