Layoffs this year are at their highest level since 2020, report finds
Employers have announced nearly 950,000 job cuts through September, the great number of layoffs through September since 2020, an analysis finds.
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Employers have announced nearly 950,000 job cuts through September, the great number of layoffs through September since 2020, an analysis finds.
Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.
Monthly report shows private employers shed 32,000 jobs last month, another sign the labor market is facing new challenges.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
The downward revision from the Bureau of Labor Statistics shows the job market was slowing in 2024 and early 2025.
Americans' confidence in finding a new job fell to the lowest measure on record, new government survey shows.
The latest employment data could inform the Federal Reserve's next rate decision meeting, set for Sept. 17.
Most Americans say prices are going up and expect them to keep going up.
The number of immigrant workers has declined from January through the end of July, preliminary Census data shows.
A 2025 analysis from Edmunds reveals that nearly 20% of new car buyers are committing to monthly payments of $1,000 or more.
Federal Reserve Chair Jerome Powell cited risks to the labor market in opening the door to cutting interest rates. Here's what job-seekers should know.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Families are shopping early for school supplies and scouting for discounts amid concerns about the potential impact of tariffs.
Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many households.
Canadian regulators once again ordered union leaders to end Air Canada's work stoppage on Monday, while employees remain defiant.
President Trump has extended a temporary truce in the U.S.-China trade war, preventing tariffs on China from leaping to at least 80%.
Michigan's governor met privately with President Trump to urge him to change course on tariffs that are having a big impact on automakers in her state.
The U.S. officially began levying higher tariffs on dozens of countries, just as the economic fallout of President Trump's months-long tariffs threats was beginning to create visible damage to the U.S. economy.
The advent of AI in the workplace is one factor behind a spike in layoffs this year, new labor data shows.
Prices could tick higher in 2025 as businesses pass tariff costs on to consumers, Cleveland Fed's Beth Hammack tells CBS News.
President Trump said he ordered his administration to fire Bureau of Labor Statistics Commissioner Erika McEntarfer after the July jobs report.
The Trump administration said new tariff rates on most U.S. trading partners will go into effect on Aug. 7. Experts believe the fees will also be felt at home. John Lawrence explains.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
An emergency service company hired by the city of Troy, Michigan, last year has officially been answering 911 calls for a month now, and residents want a progress report.
Many students and community members claim that aside from the night the attack happened, they've received no updates from the university about the investigation.
Slotkin said she hopes that this is the end of the investigation, but noted that she is keeping other legal options, like future lawsuits.
Retired Detroit Lions offensive tackle Dan Skipper is returning to the team, but not in uniform. Instead, he'll be on the sidelines as part of the coaching staff, sources told CBS News Detroit.
Stellantis is telling owners of the affected vehicles not to drive them until a potentially dangerous air bag is replaced. See which models are affected.
The owner of the Ambassador Bridge met with U.S. Secretary of Commerce Howard Lutnick hours before President Trump threatened to block the opening of the Gordie Howe International Bridge, the New York Times reported.
Slotkin said she hopes that this is the end of the investigation, but noted that she is keeping other legal options, like future lawsuits.
Isaiah Stewart of the Detroit Pistons has been suspended for seven games in the aftermath of an altercation that erupted during Monday night's game.
Wednesday was the first Michigan student count day where new rules prohibited financial incentives for students who attend class on the designated days.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
The winter storm that brought snow to Southeast Michigan on Sunday didn't stop car enthusiasts from leaving their homes for the final day of the 2026 Detroit Auto Show.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
For the first time, a major U.S. automaker is putting a team up against the European giants of Formula One. Can Cadillac be a contender?
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Slotkin said she hopes that this is the end of the investigation, but noted that she is keeping other legal options, like future lawsuits.
Stellantis is telling owners of the affected vehicles not to drive them until a potentially dangerous air bag is replaced. See which models are affected.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
Surprise burst in hiring across the U.S. last month shows the labor market remains on solid ground.
The SAVE America Act would implement strict new requirements for registering to vote and casting ballots.
Officials announced eligibility for mothers and babies in the city of Detroit.
Two Metro Detroit representatives are among those sponsoring a bill that calls for a 32% tax on any wireless device purchased for someone age 17 and younger.
The Oakland Community Health Network will now be taking over that responsibility amidst a financial dispute between the two organizations.
Legionella testing at Oakland County government facilities has detected the bacteria in the water systems of two additional buildings.
When the temperatures plummet, and the snow starts piling up, most of us have the same instinct: retreat indoors, crank up the heat, and get cozy.
Retired Detroit Lions offensive tackle Dan Skipper is returning to the team, but not in uniform. Instead, he'll be on the sidelines as part of the coaching staff, sources told CBS News Detroit.
Isaiah Stewart of the Detroit Pistons has been suspended for seven games in the aftermath of an altercation that erupted during Monday night's game.
Two days after the confetti fell on Levi's Stadium in Santa Clara, California, one Detroit native is still processing the weekend of a lifetime.
The GameAbove Sports Bowl, which is hosted annually by Ford Field, will be canceled ahead of the 2026 season, the venue announced on Tuesday.
The Detroit Tigers announced Tuesday that they signed Justin Verlander, a 42-year-old free agent, to a one-year, $13 million deal.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
Huntington Place CEO Bryan Crowe and his team have been preparing to welcome hundreds of thousands of visitors to the Detroit Auto Show this week.
An emergency service company hired by the city of Troy, Michigan, last year has officially been answering 911 calls for a month now, and residents want a progress report.
Safety concerns still linger on the campus of Oakland University after a person was stabbed multiple times last week outside of a residence hall.
A grand jury in Washington, D.C., declined to indict Michigan Sen. Elissa Slotkin after she appeared in a video urging military service members to resist following illegal orders late last year.
Retired Detroit Lions offensive tackle Dan Skipper is returning to the team, but not in uniform. Instead, he'll be on the sidelines as part of the coaching staff, sources told CBS News Detroit's Rachel Hopmayer.
James Van Der Beek, star of "Dawson's Creek" and "Varsity Blues," has died at age 48, according to his publicist and a post from his wife on social media. Van Der Beek announced in November 2024 that he had been diagnosed with colorectal cancer. His cause of death was not shared.