Final penny pressed at U.S. Mint in Philadelphia
The Treasury Department expects to save $56 million per year on materials by ceasing to make pennies.
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The Treasury Department expects to save $56 million per year on materials by ceasing to make pennies.
Employers have slashed nearly 1.1 million jobs through October this year, up 65% from a year ago, new labor data shows.
Paramount announced layoffs as the company restructures after completing its $8 billion merger with Skydance earlier this year.
Americans are paying significantly more for these food staples, price inflation data shows. Will inflation ever relent?
With open enrollment starting soon, employees could get sticker shock, with their costs expected to rise 6% to 7% for 2026, a new study says.
A federal judge has temporarily blocked the Trump administration from firing workers during the government shutdown, saying the human cost "cannot be tolerated."
Prices are reported by Americans as still rising, and many think AI will lead to fewer jobs.
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.
The Federal Reserve is cutting its benchmark interest rate as the U.S. economy faces headwinds, including a faltering labor market.
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
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.
Federal Reserve Chair Jerome Powell has been under pressure from President Trump to lower the central bank's benchmark interest rate.
Incomes are still trailing inflation four years after the pandemic-era surge in prices, causing a financial pinch for many households.
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.
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.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
Most Americans under 30 approved at the start of President Trump's second term but are dissatisfied with the economy's direction.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
