Employers added 57,000 jobs in June, far below forecasts
June's payroll gains were much lower than the 100,000 new hires that economists had predicted.
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June's payroll gains were much lower than the 100,000 new hires that economists had predicted.
More than 57,000 jobs were added in June, according to new data, falling short of projected numbers. CBS News business analyst Jill Schlesinger has more.
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
Hint: It involves AI, and a LinkedIn economist says employers are clamoring for people to fill these roles.
A weaker-than-expected February jobs report is raising new concerns about the economy. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
Economists had forecast a gain of 60,000 jobs last month. The unexpected drop was due to job losses in health care and the federal government.
Surprise burst in hiring across the U.S. last month shows the labor market remains on solid ground.
Employers cut more than 108,000 jobs in January, the highest total for that month since 2009, new data shows.
The monthly job gains were slightly below the 55,000 forecast by economists, according to a poll by FactSet.
Economists had expected CPI to rise at an annual rate of 3% last month.
The unemployment rate in November rose to 4.6%, its highest level since September 2021.
The September jobs report, which was delayed due to the government shutdown, comes amid a slowdown in hiring across the U.S.
The agency's Bureau of Labor Statistics would suspend operations if the U.S. government shuts down this week, potentially delaying key economic reports.
Internal review, which will focus on how BLS collects and reports economic data, follows claims by President Trump that the statistics bureau is politicized.
The Bureau of Labor Statistics released new data revealing the U.S. economy added 911,000 fewer jobs than originally reported from April of last year to March of this year. CBS News MoneyWatch correspondent Kelly O'Grady explains what to know.
The Bureau of Labor Statistics released updated hiring numbers from April 2024 through March of 2025, showing employers added 911,000 fewer jobs that initially recorded over those months. Kelly O'Grady explains.
The U.S. labor market added 911,000 fewer jobs in the past year than earlier reported, the Bureau of Labor Statistics announced on Tuesday. CBS News MoneyWatch correspondent Kelly O'Grady has the details. Then, Douglas Holtz-Eakin, former chief economic adviser for the George W. Bush administration and former director of the Congressional Budget Office, joins with analysis.
Economists expect the Bureau of Labor Statistics to revise its jobs data downward for the year ended in March 2025. Here's why.
After President Trump expressed "shock" over the pace of hiring in July, much is riding on the employment data for August.
Workers are seeing far smaller pay increases from switching employers than during the pandemic, Bank of America Institute data shows.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
President Trump has announced E.J. Antoni, the Heritage Foundation's chief economist, as his pick to run the U.S. Bureau of Labor Statistics after the previous chief was fired amid a weaker-than-expected jobs report. Antoni on Monday criticized the monthly jobs report as flawed and suggested it be replaced with "more accurate, though less timely, quarterly data." James Bennet, D.C. bureau chief for The Economist, joins "The Takeout" with analysis.
E.J. Antoni, an economist nominated by President Trump to lead the Bureau of Labor Statistics, said the jobs report is flawed.
President Trump announced E.J. Antoni as his nominee to lead the Bureau of Labor Statistics on Monday, after he fired the former commissioner and blamed her for a weaker-than-expected jobs report.
As the U.S. restarts its Iran blockade and carries out more strikes, President Trump has called off a planned 20% fee on shipping through the Strait of Hormuz.
Neither of the victims of the ICE shootings in Maine or Texas were the target of enforcement operations, according to the Department of Homeland Security.
The measure also allows states to opt out if they take action before the federal law is enacted.
The text of the bill had been finalized before Graham met with Zelenskyy last week in Kyiv.
In a match Tuesday featuring two of soccer's biggest heavyweights, Spain put in a masterful performance, frustrating France to the tune of a 2-0 win to advance to Sunday's World Cup final.
An ammunition plant in Mesquite, Texas, has not produced any metal projectile parts after the Army spent $469 million to establish the facility.
New estimates call for a 3.6% to 3.8% benefit increase next year, although the final adjustment will depend on inflation readings released this summer.
Former White House counsel Kathy Ruemmler worked with Epstein on a Swiss bank settlement.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
The measure also allows states to opt out if they take action before the federal law is enacted.
In a match Tuesday featuring two of soccer's biggest heavyweights, Spain put in a masterful performance, frustrating France to the tune of a 2-0 win to advance to Sunday's World Cup final.
The scheme begins with fake fraud alerts before shifting to a FaceTime call, where victims are tricked into exposing sensitive banking information.
The Promise Act would establish a legislative procedure with the goal of preserving Social Security's trust funds for the next 50 years.
Senate Democrats blocked a must-pass annual defense policy bill from moving forward on Tuesday as they voiced opposition to the Trump administration's handling of the war with Iran.
The scheme begins with fake fraud alerts before shifting to a FaceTime call, where victims are tricked into exposing sensitive banking information.
The Promise Act would establish a legislative procedure with the goal of preserving Social Security's trust funds for the next 50 years.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
New estimates call for a 3.6% to 3.8% benefit increase next year, although the final adjustment will depend on inflation readings released this summer.
The T. rex, nicknamed Gus, is a towering figure, standing at 12.5 feet fall and roughly 38 feet long.
The measure also allows states to opt out if they take action before the federal law is enacted.
Senate Democrats blocked a must-pass annual defense policy bill from moving forward on Tuesday as they voiced opposition to the Trump administration's handling of the war with Iran.
The text of the bill had been finalized before Graham met with Zelenskyy last week in Kyiv.
The House on Tuesday finally broke an impasse that had stalled most legislative action on the floor.
Darline Graham, the sister of the late Sen. Lindsey Graham, was sworn in to serve out the remainder of his term in the Senate, following his sudden death over the weekend.
Officials are still searching for the source of the outbreak, prompting consumers to seek advice on social media about which foods to avoid.
Capt. Chesley "Sully" Sullenberger, who famously landed a passenger jet on the Hudson River in 2009, said he has been diagnosed with Alzheimer's disease.
With the federal Medicaid work requirement looming in January, Democrats are considering state legislation to call out big companies that employ workers enrolled in the safety net health program.
Lindsey Graham's aorta tore at 71. Grant Wahl's burst at 49. One is common and age-driven; the other is inherited, silent, and findable.
A Finnish study followed patients for 10 years after they had a popular knee surgery. For many, the pain continued or even worsened.
An anti-corruption probe in Iraq leads to seizure of 825 pounds of gold and tens of millions in cash from lawmakers and government officials.
In a match Tuesday featuring two of soccer's biggest heavyweights, Spain put in a masterful performance, frustrating France to the tune of a 2-0 win to advance to Sunday's World Cup final.
The text of the bill had been finalized before Graham met with Zelenskyy last week in Kyiv.
Kent Carpenter and his Filipina companion were at his house in the coastal town of Sibulan when masked men forced their way in.
Asked about the case of U.S. national Youlin Chen, China's foreign ministry said there was no "wrongful detention," but it did not deny the scientist was imprisoned.
The Paramount+ documentary "The Real Wolf of Wall Street" gives an inside look at Jordan Belfort's scandal-ridden firm, Stratton Oakmont.
"The Real Wolf of Wall Street," a new documentary from See It Now Studios on Paramount+, focuses on the real-life story of infamous stockbroker Jordan Belfort and his brokerage firm Stratton Oakmont. Howie Gelfand, a former partner at Stratton Oakmont, explains why he decided to be part of the documentary and how the 2013 film, "The Wolf of Wall Street," starring Leonardo DiCaprio, got the real story wrong.
Alan Ritchson talks about starring in "Motor City," which has nearly no dialogue, how his process was different and why he thinks it will resonate with audiences.
A coalition of a dozen states on Monday sued to block Paramount Skydance's acquisition of Warner Bros. Discovery, posing a new challenge to the $110 billion deal that would unite two of the nation's largest media companies. Paramount Skydance is the parent company of CBS News. CBS News' Jo Ling Kent reports.
Mick Jagger spoke with The New York Times recently about the role of politics in his music. Political strategists Erin Maguire and Dan Kanninen join "The Takeout" to discuss.
The scheme begins with fake fraud alerts before shifting to a FaceTime call, where victims are tricked into exposing sensitive banking information.
New York Gov. Kathy Hochul imposed a year-long moratorium on "hyperscale" AI data centers, halting construction as the state investigates the wider economic and environmental impacts. Shanelle Kaul explains more.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
Apple is suing OpenAI over apparently stolen trade secrets that may be linked to hardware ambitions. CBS News contributor Patrick McGee joins with more.
Building new data centers in New York will be paused for a year in order to allow state officials to establish guidelines protecting residents and the environment, Gov. Kathy Hochul said.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The name "White-chested Fox" was found in drawings dating from 400 BC to 900 AD at the San Bartolo-Xultun archaeological site.
The Pentagon on Friday released a new batch of UFO files, spanning 19 videos and more. Jordan Flowers, executive director of the Disclosure Foundation, joins CBS News to discuss.
The Defense Department released a fourth batch of UFO files on Friday, nearly one month after its third drop. These are all of the videos in the latest tranche, plus analysis from astrophysicist Avi Loeb.
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Kent Carpenter and his Filipina companion were at his house in the coastal town of Sibulan when masked men forced their way in.
Supreme Court Justices Elena Kagan and Amy Coney Barrett are on Capitol Hill to testify before House lawmakers in response to a request for increased security funding amid growing threats against members of the highest court.
Joan Sebastian Guerrero's death in Maine marks the second time in a week that Immigration and Customs Enforcement agents have shot and killed a civilian. The Department of Homeland Security alleged that a man "attempted to flee the scene" when stopped by ICE. Guerrero's killing has prompted calls for an investigation. CBS News' Lilia Luciano reports.
Apple is suing OpenAI over apparently stolen trade secrets that may be linked to hardware ambitions. CBS News contributor Patrick McGee joins with more.
Witnesses are describing what they saw during the moments after an Immigration and Customs Enforcement agent fatally shot a man in Maine. One source with knowledge of the investigation says Joan Sebastian Guerrero was killed during the encounter. CBS News' Lilia Luciano reports.
The new crew will replace three other Soyuz fliers wrapping up a 240-day stay aboard the International Space Station.
The sugar, called erythrulose, lurks in what's called the interstellar medium: thin clouds of gas and dust littered between stars.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Federal investigators have turned over evidence that officials in Minnesota have been requesting for months about the deadly ICE shootings the state experienced in January. Hennepin County attorney Mary Moriarty joins "The Takeout" to discuss.
Nine people in the U.S. have been killed by immigration officers in the last 18 months, including two in the last week in Texas and Maine. CBS News' Lilia Luciano and Ed O'Keefe report, while Hennepin County attorney Mary Moriarty joins "The Takeout" to discuss the investigation into two ICE killings in Minnesota.
The United States on Tuesday resumed its naval blockade against Iran and launched new strikes against the country. CBS News' Olivia Rinaldi reports and retired Col. Mark Cancian joins with analysis.
Asked about the recent ICE-related fatal shootings, Harris District Attorney Sean Teare says the actions of federal immigration agents "in no way resemble" the tactics of "every law enforcement agency" he's worked for.
Harris County District Attorney Sean Teare tells CBS News his office is "more than prepared" to file criminal charges against federal ICE agents if criminal wrongdoing is found in the fatal shooting of Mexican immigrant Lorenzo Salgado Araujo in Houston last week.