Job market shrank in July
The jobs report released last week showed the job market shrank in July, after months of growth. Employers shed 23,000 jobs that month, far below the 83,000 jobs that were expected to be gained.
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The jobs report released last week showed the job market shrank in July, after months of growth. Employers shed 23,000 jobs that month, far below the 83,000 jobs that were expected to be gained.
Friday's jobs report showed employers shed jobs last month, rather than adding 95,000 new hires that had been forecast by economists.
Layoffs have plunged this year. "Recently laid-off workers are finding jobs as fast as the economy is creating new ones," one economist said.
The Bureau of Labor Statistics will release its July jobs report on Friday, August 7. CBS News business analyst Jill Schlesinger has more on what to expect. (Sponsored by AT&T Business)
CBS News business analyst Jill Schlesinger joins CBS News 24/7 to discuss the upcoming jobs report by the U.S. Bureau of Labor Statistics and the state of the economy. (Sponsored by AT&T Business)
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.
The Supreme Court divided 6-3 in granting the Trump administration's request for emergency relief.
Treasury Secretary Scott Bessent said new sanctions being imposed on Iran would amount to the "greatest financial offensive" ever.
Lindsay Clancy trial testimony ended abruptly Monday in Plymouth Superior Court when a witness began speaking about religion and the defense unsuccessfully called for a mistrial.
President Trump said tariffs on Canadian automotive and steel imports will rise to 50% on January 1, 2027, in a social media post.
Karen Solomon, wanted for questioning in the death of her Worcester, Massachusetts, police officer husband, has been found dead after a massive search.
Shifting winds challenged firefighters battling the Hawk Fire in Reno, Nevada, that was keeping tens of thousands of people evacuated.
Lara Korte, a Stars and Stripes reporter who was dismissed last week, told CBS News on Monday that the paper's editorial independence remains paramount.
The attack happened the same month Iranian-linked hackers are believed to have targeted the water systems of a dozen U.S. states.
Researchers say residents of Slough, just outside London, are likely very literally feeling the heat from a massive cluster of data centers in their town.
The Supreme Court divided 6-3 in granting the Trump administration's request for emergency relief.
Lillian Smart, 8, has died after being infected by an extremely rare brain-eating amoeba that is found in warm freshwater, her family said.
Although some Canadian goods will get more expensive in the U.S., trade experts don't expect a broader inflation spike.
Millions of Generation X Americans expect to depend on Social Security as their main — or only — source of retirement income.
Federal regulators alleged that a $100 million deal between Redfin and Zillow stifled competition for apartment listings.
Although some Canadian goods will get more expensive in the U.S., trade experts don't expect a broader inflation spike.
Millions of Generation X Americans expect to depend on Social Security as their main — or only — source of retirement income.
Federal regulators alleged that a $100 million deal between Redfin and Zillow stifled competition for apartment listings.
President Trump said tariffs on Canadian automotive and steel imports will rise to 50% on Jan. 1, 2027, in a social media post.
The U.S. and Canada have wrangled for decades over trade, and somehow, they still managed to remain friends, allies and trading partners.
The Supreme Court divided 6-3 in granting the Trump administration's request for emergency relief.
Although some Canadian goods will get more expensive in the U.S., trade experts don't expect a broader inflation spike.
Lara Korte, a Stars and Stripes reporter who was dismissed last week, told CBS News on Monday that the paper's editorial independence remains paramount.
The Trump administration is trying to pull all economic levers at its disposal to cripple Tehran.
President Trump said tariffs on Canadian automotive and steel imports will rise to 50% on Jan. 1, 2027, in a social media post.
Lillian Smart, 8, has died after being infected by an extremely rare brain-eating amoeba that is found in warm freshwater, her family said.
Researchers and disability rights advocates warn that the dismantling of the Education Department and its erosions of civil rights oversight risk widening the disparities autistic children face.
This year, ER visits for tick bites have increased dramatically, corresponding with a new threat: a rise in Alpha-gal syndrome (AGS), where one bite from a lone star tick can make you violently allergic to red meat. How can you best avoid tick bites?
This year, emergency room visits for tick bites have increased dramatically, corresponding with a new threat: a rise in Alpha-gal syndrome (AGS), where one bite from a lone star tick can make you violently allergic to red meat. Correspondent David Pogue looks at how residents of Martha Vineyard are addressing an epidemic of Alpha-gal, and talks with experts about how best to avoid tick bites.
Hosted by Steve Hartman. Featured: The explosion of tick bites and Alpha-gal syndrome; singer Kenny Chesney; botanist and bestselling author Robin Wall Kimmerer; origami artist Robert Lang; one artist's very quirky home; an iconic photo of Harlem jazz legends; and a retirement home for musicians in Milan.
The attack happened the same month Iranian-linked hackers are believed to have targeted the water systems of a dozen U.S. states.
Researchers say residents of Slough, just outside London, are likely very literally feeling the heat from a massive cluster of data centers in their town.
The Trump administration is trying to pull all economic levers at its disposal to cripple Tehran.
A Chinese robotics developer tells CBS News humanoids won't turn against humans as they're just machines: "It all depends on who controls them."
Zolani Tete made history in 2017 when he took just 11 seconds to knock out his opponent with his first punch to retain his WBO bantamweight crown.
Levi Zhang and his parents share some recipes from their new cookbook and talk about how their viral videos started.
Bunny Levine worked as a school librarian for 25 years before pursuing her passion for acting and performing.
Botanist Robin Wall Kimmerer, a member of the Citizen Potawatomi Nation, is author of the New York Times bestsellers "Braiding Sweetgrass" and "The Serviceberry" – books that advocate for living and working in collaboration with the Earth. She talks with correspondent Martha Teichner about the importance of respecting both Western scientific knowledge and Indigenous knowledge, planting trees, and sharing the gifts of nature.
In his recent memoir, "Heart Life Music," Kenny Chesney describes his life's journey, from Knoxville, Tenn., to No Shoes Nation and beyond. Chesney sits down with Lee Cowan in the Florida Keys, where the country superstar is just another laid-back local, to talk about family, touring, and how he recovered from a 2009 concert which he describes as "hitting a wall." [Originally broadcast Oct. 26, 2025.]
Opera great Giuseppe Verdi, one of history's most successful composers, used his fortune to create a retirement home for professional musicians "not favored by fortune." Residents of Casa Verdi in Milan not only share their lifetimes of artistry, they also provide master classes to young musicians. Chris Livesay reports.
While hiring for AI companies is booming, women are getting left behind, according to new research from LinkedIn. It found that female candidates accounted for 26% of hires for jobs requiring AI skills in the U.S., compared to 50% of women hired into non-AI positions. Sarah Steinberg, the head of global public policy partnerships at LinkedIn, joins CBS News to discuss.
Researchers say residents of Slough, just outside London, are likely very literally feeling the heat from a massive cluster of data centers in their town.
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.
A Chinese robotics developer tells CBS News humanoids won't turn against humans as they're just machines: "It all depends on who controls them."
Robots are competing in China, showcasing new skills that may beat records set by humans. CBS News' Anna Coren reports from Beijing.
The Great Smoky Mountains National Park told visitors Tuesday that invasive Joro spiders "may be hanging in a web near you."
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Lindsay Clancy's defense team asked for a mistrial Monday after a witness began speaking about Catholic religion. The judge in the case denied the request. CBS News' Shanelle Kaul has more.
Defense attorneys for Lindsay Clancy, the Massachusetts mother who admitted to killing her children, called for a mistrial on Monday, citing a witness who used the phrase "moral sin." The judge denied the request. CBS News correspondent Shanelle Kaul reports.
Karen Solomon, a Massachusetts woman wanted for questioning in the death of her police officer husband, has been found dead, Worcester authorities announced on Monday. Law enforcement called the case a "tragic murder-suicide."
The judge presiding over the Lindsay Clancy murder case rejected the defense's push for a mistrial on Monday. Clancy has admitted to killing her children but has pleaded not guilty, arguing that postpartum psychosis caused her actions. CBS News correspondent Shanelle Kaul and legal contributor Jessica Levinson have the latest.
The prosecution in the Lindsay Clancy trial continues to call rebuttal witnesses, mainly focusing on the psychological aspects of Clancy's state of mind when she killed her 3 children. CBS News' Shanelle Kaul and legal contributor Jessica Levinson have more.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A NASA spacecraft circling the moon is providing the sharpest views yet of the crater carved by a crashing SpaceX rocket.
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
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.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
A sailor on the USS Lincoln says his dad was arrested by immigration officials. CBS News immigration correspondent Camilo Montoya-Galvez has more.
Treasury Secretary Scott Bessent on Monday laid out the Trump administration's plan for a campaign to create "economic onslaught" against Iran and its partners. "Face the Nation" coordinating producer Richard Escobedo has more.
Lindsay Clancy's defense team asked for a mistrial Monday after a witness began speaking about Catholic religion. The judge in the case denied the request. CBS News' Shanelle Kaul has more.
According to The New York Times, House Minority Leader Hakeem Jeffries recently held a private meeting with President Trump's son-in-law, Jared Kushner. Political strategists Joel Payne and Todd Ricketts join with analysis.
Urban warfare expert and Ret. U.S. Army Maj. John Spencer is sharing life lessons he learned from his many near-death experiences in a new book titled "20 Times I Almost Died." Spencer joins "The Takeout" to discuss.