Job growth crashed in December as COVID-19 surged
Hiring fell for the first time in seven months as restaurants, bars and other businesses closed their doors.
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Hiring fell for the first time in seven months as restaurants, bars and other businesses closed their doors.
2020 began with the economy surging -- then, the pandemic came. CBS News' Diane King Hall reviews the most important business stories of 2020.
Brexit becomes official Thursday night as economic ties between Britain and the European Union end. Jessica Parker with our partners at the BBC joined CBSN to discuss what that means for workers and the flow of goods between the two.
In the week ending December 26, 787,000 people filed first-time jobless claims, down 19,000 from the week before. Norm Champ, former director of the investment management division at the U.S. Securities and Exchange Commission and author of "Mastering Money: How to Beat Debt, Build Wealth, and Be Prepared for any Financial Crisis," spoke with Jamie Yuccas on CBSN about these numbers, the economic effect of not passing a bigger stimulus bill and how the economy is changing because of the crisis.
Economists are split over whether increasing the stimulus checks from $600 to $2,000 per person is a good idea. Will the money go to those who need it most? How much will it cost the nation? CBS MoneyWatch senior reporter Stephen Gandel joins "CBSN AM" with details.
The president has not signed a bipartisan bill that would provide $600 COVID relief checks to most Americans.
President Trump is so far refusing to sign the latest round of coronavirus aid passed by Congress, as he demands direct payments to Americans be increased from $600 to $2,000. New Jersey Democratic Congressman Josh Gottheimer and New York Republican Congressman Tom Reed, co-chairs of the bipartisan "Problem Solvers Caucus," spoke to CBSN's Tom Hanson about what is being done as key eviction protection and unemployment benefit deadlines approach.
Congress passed a massive coronavirus relief bill on Monday that includes direct checks and unemployment benefits.
The financial assistance millions of Americans are waiting for is up in the air after President Trump refused to sign the relief bill and called for a higher direct deposit amount. Paula Reid reports.
President Trump has not yet signed the bipartisan $900 billion COVID-19 economic relief bill passed by Congress. He says he wants the individual stimulus checks to be larger, something Democrats have been fighting for. CBS News' Debra Alfarone joins CBSN AM with the latest.
The $900 billion package includes $600 per-person cash payments — half of what people received in the spring. President Trump says that's not enough.
President-elect Joe Biden warned that tens of thousands of more lives will be lost due to COVID-19, even with a vaccine. Nikole Killion reports.
Relief is on the way to hard-hit Americans after President Trump signs the nearly $900 billion pandemic relief package Congress passed. Now, hundreds of dollars soon may be heading into millions of Americans' bank accounts before the end of this year. Nancy Cordes reports from Capitol Hill.
The House and Senate have passed a $900 billion coronavirus pandemic relief bill, which is now headed to President Trump's desk. Also, some European countries scrambled to impose travel bans after a new COVID-19 strain was detected in the United Kingdom. All that and all that matters in today's Eye Opener. Your world in 90 seconds.
The $900 billion aid package was added to a $1.4 trillion spending bill that funds the government through September.
Congressional leaders reached a deal Sunday on a $900 billion coronavirus relief bill, the first significant federal aid since April. As Congressional correspondent Nancy Cordes reports, the bill includes another round of stimulus checks for some Americans, aid for schools, small businesses, and more.
Congressional leaders reach agreement on $900 billion COVID-19 relief package; Adapting "The Nutcracker" for a socially distant holiday season
Brian Gregg, senior partner and leader for the North America Marketing and Sales Practice for McKinsey & Company, joins CBSN's Lana Zak to discuss how the 2020 holiday shopping season is unlike any other — and how brick and mortar stores will survive as some shoppers hesitate to leave their homes.
Democrats and Republicans have "finalized a deal" on a $900 billion COVID-19 relief package. It's unclear when they will vote on it, although the government is set to shutdown if a deal is not reached by midnight. Chip Reid has the latest.
Mary Daly, the president and CEO of the Federal Reserve Bank of San Francisco, says she is "bullish on the job market once we get fully through the coronavirus."
Missed the second half of the show? The latest on covid-19 vaccine and antibody treatment, cyber security attacks and the economic aid for the coronavirus relief bill.
The following is a transcript of an interview with San Francisco Federal Reserve Bank President Mary Daly that aired Sunday, December 20, 2020, on "Face the Nation."
As online holiday shopping sales are expected to hit a record-breaking $189 billion this season, many people are wondering what will be left of the physical landscape of American cities as businesses grapple to evolve in the face of a changing economy and restrictions forced by the coronavirus pandemic. Dana Jacobson speaks to experts in the real estate field to hear about the growing challenges faced by store owners and the landlords who rent to them.
Congressional leaders are still working to finalize a new coronavirus relief package, with protections for millions of Americans set to expire in days. With government funding set to expire at midnight on Friday, lawmakers also face the specter of a brief shutdown over the weekend. Nancy Cordes reports.
"All I asked in the piece was that we take a moment for those who are feeling grief and sorrow," Dickerson said about his Atlantic magazine article. Dickerson also spoke about it this week on 60 Minutes.
"You come first," declares the new anchor of the Evening News. "Not advertisers. Not politicians. Not corporate interests — including the new owners of CBS."
Police in Switzerland say a fire at a bar in the Crans-Montana ski resort area is believed to have left "several tens of people" dead and dozens more injured.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
A viral social media video has put Minnesota's long-running fraud scandal at the center of the national conversation. Here's what to know.
New Zealand and Australia were among the first to welcome 2026, but in Sydney and some other cities, the festivities are tinged by grief.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
In a private ceremony at the abandoned Old City Hall subway station, Mamdani was sworn in by New York Attorney General Letitia James as the clock struck midnight on New Year's Eve.
A U.S. District Court judge issued a summary judgment on Wednesday, finding that the effort to revoke the legal status of tens of thousands of Hondurans, Nepalis and Nicaraguans was unlawful
Respondents to a Michigan college's survey of overused and misused words and phrases say "6-7" is "cooked" and should come to a massive full-stop.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Plan ahead as banks, post offices and major stock exchanges will be closed in observance of the federal holiday.
Respondents to a Michigan college's survey of overused and misused words and phrases say "6-7" is "cooked" and should come to a massive full-stop.
The levy, which would impose a new 11% tax on the gross fares paid by a cruise ship's passenger, was set to go into effect at the start of 2026.
Here are the significant books, films and characters joining the list of works in the public domain on Jan. 1, 2026.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
Plan ahead as banks, post offices and major stock exchanges will be closed in observance of the federal holiday.
The levy, which would impose a new 11% tax on the gross fares paid by a cruise ship's passenger, was set to go into effect at the start of 2026.
Starting January 1, food-stamp recipients in five U.S. states will face restrictions on using the benefits to buy some sugary foods.
The one-year delay comes as President Trump has rolled back some other import duties amid affordability concerns.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
In a private ceremony at the abandoned Old City Hall subway station, Mamdani was sworn in by New York Attorney General Letitia James as the clock struck midnight on New Year's Eve.
Chief Justice John Roberts says the Constitution remains a sturdy pillar for the country, a message that comes after a tumultuous year in the nation's judicial system.
Three people were killed Tuesday when the first boat was hit, while individuals in two other boats jumped overboard, according to U.S. Southern Command.
Enhanced tax credits that have helped Americans offset the cost of Affordable Care Act health insurance for the last four years expired overnight.
In 2026, several states are set to prohibit individuals from purchasing certain junk food items using their federal benefits. Meg Oliver has the details.
The Centers for Disease Control and Prevention says 32 jurisdictions are showing "high" or "very high" levels of flu.
Mom-and-pop shops will be exempt from this change, but big manufacturers in California will need to start adding folic acid to tortillas beginning January 1.
The number of Americans with Alzheimer's disease is expected to double from 7 million in 2020 to 14 million by 2060, according to the CDC. However, advances in treatment options are giving more people hope in slowing the decline. Dr. Jon LaPook breaks it down.
Police in Switzerland say a fire at a bar in the Crans-Montana ski resort area is believed to have left "several tens of people" dead and dozens more injured.
George Clooney and his wife, Amal Clooney, were granted French citizenship because "they contribute, through their distinguished actions, to France's international influence and cultural outreach," the French government said.
The two-time former heavyweight champion and Olympic gold medalist was involved in a fatal road crash near Lagos on Monday.
Three people were killed Tuesday when the first boat was hit, while individuals in two other boats jumped overboard, according to U.S. Southern Command.
The latest wave of sanctions targets oil traders and vessels that are helping prop up President Nicolás Maduro's regime, the Treasury Department said.
George Clooney and his wife, Amal Clooney, were granted French citizenship because "they contribute, through their distinguished actions, to France's international influence and cultural outreach," the French government said.
Here are the significant books, films and characters joining the list of works in the public domain on Jan. 1, 2026.
The hit series "The Pitt" has earned praise for its realistic look at the pressures facing health care workers. Chief medical correspondent Dr. Jon LaPook spoke to the star of the show, Noah Wyle, for "CBS Sunday Morning." Wyle talked about how the cast prepared for their roles beyond learning their lines before shooting the series even began.
Here's what to know about the lineup of performances scheduled for New Year's Eve, as crowds gather in Times Square to ring in 2026.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
Arizona is fast becoming a major hub for computer chip production thanks to what's being called the largest foreign direct investment in U.S. history. Kris Van Cleave takes us to a sprawling campus in Phoenix that is providing thousands of jobs while reducing America's reliance on overseas products.
The company's investment in safety prevention comes amid growing concerns over the potential harm of artificial intelligence.
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.
Instacart says its ending its controversial system of using AI price tests for retailers. Earlier this month, an investigation by Consumer Reports and progressive think tank Groundwork Collaborative found that Instacart's algorithmic pricing charged various prices for the same item from the same store. Jo Ling Kent reports.
Massive tech companies wanting to build more data centers in the U.S. are lobbying for support among Americans, according to a recent report by POLITICO. Gabby Miller joins CBS News with more on her reporting.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
The Trump administration intends to dismantle one of the world's leading climate research institutions, in Boulder, Colorado, over what it said were concerns about "climate alarmism."
The footage of a bear caring for an adopted cub was captured during the annual polar bear migration along the Western Hudson Bay in Churchill, Manitoba.
Most of the footprints are elongated and made by bipeds. The best-preserved ones bear traces of at least four toes.
NASA continues to aim its space telescopes at the visiting ice ball, estimated to be up to 3.5 miles in size.
After the Trump administration paused federal assistance to child care centers in Minnesota, parents are now wondering if their kids' day care is in jeopardy, as the government investigates fraud claims. Jonah Kaplan has been following this developing story.
There may be millions of documents the Justice Department still needs to release from the case against convicted sex offender Jeffrey Epstein. By law, those files were required to be made public nearly two weeks ago. Scott MacFarlane has the latest.
A Minneapolis day care says that vandals damaged the facility early this week, after a YouTube video purporting to expose fraud among day cares in the Twin Cities metro area went viral.
Patriots star Stefon Diggs is facing charges of strangulation, assault and battery following an incident in Massachusetts earlier this month. Diggs' attorney, David Meier, said in a statement that the wide receiver "categorically denies" the allegations and "looks forward to establishing the truth" in court. CBS News Boston's Aaron Parseghian has more.
New Orleans is marking one year since 14 people were killed and dozens more were injured in a terror attack on the city's iconic Bourbon Street. Kati Weis spoke to the family of one of the victims about how they're remembering their loved one.
NASA astronauts took their first drive on the moon 54 years ago. Now, three companies are competing for a NASA contract to build a new lunar rover for use starting with the Artemis 5 mission in 2030. Kris Van Cleave reports.
NASA is gearing up to send four Artemis astronauts on looping test flight around the moon in 2026.
A German aerospace engineer made history Saturday, becoming the first wheelchair user to go into space when she took a 10-minute trip aboard a Blue Origin rocket.
German engineer Michaela Benthaus is the first person with a significant physical handicap to reach space.
President Trump withdrew Isaacman's nomination for NASA administrator in April, before nominating him again in November.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
"CBS Mornings" looks back at favorite moments from 2025 as the new year kicks off.
Dozens of people are presumed dead and about 100 others are injured after a fire tore through a bar at a Swiss Alps ski resort, police say. Authorities are working to determine the cause, but do not believe it was an attack.
Hundreds of thousands of people braved the cold weather in New York City to watch the iconic ball drop in Times Square on New Year's Eve. Meanwhile in London, fireworks lit up the sky to welcome 2026 and there were drone displays in the United Arab Emirates.
"You come first," declares the new anchor of the Evening News. "Not advertisers. Not politicians. Not corporate interests — including the new owners of CBS."
Arizona is fast becoming a major hub for computer chip production thanks to what's being called the largest foreign direct investment in U.S. history. Kris Van Cleave takes us to a sprawling campus in Phoenix that is providing thousands of jobs while reducing America's reliance on overseas products.