Trump fires statistician after jobs report
President Trump fired the commissioner of the Bureau of Labor Statistics on Friday after a disappointing jobs report. CBS News politics reporter Kathryn Watson has more.
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President Trump fired the commissioner of the Bureau of Labor Statistics on Friday after a disappointing jobs report. CBS News politics reporter Kathryn Watson has more.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
President Trump ordered his administration to fire the commissioner of labor statistics, Erika McEntarfer, after the July jobs report showed a sharp slowdown in hiring and a steep downward revision to May and June's hiring numbers. Kelly O'Grady reports.
Friday was a very down day on the stock market after a new jobs report showed a hiring slowdown and President Trump's unveiling of higher tariffs for many top U.S. trading partners. CBS News' Kelly O'Grady and Ed O'Keefe have the latest.
U.S. Trade Representative Jamieson Greer is defending the Trump administration after a Friday report showed U.S. job growth has slowed. CBS News chief foreign affairs correspondent and "Face the Nation" moderator Margaret Brennan spoke with Greer and joins "The Takeout" to unpack his response.
President Trump fired the commissioner of the Bureau of Labor Statistics on Friday after its job report showed meager gains and revisions. Kevin Hassett, director of the National Economic Council, joins "The Takeout" to discuss the president's decision.
President Trump's new tariffs on dozens of countries will go into effect on Aug. 7. Kevin Hassett, director of the National Economic Council, joins "The Takeout" to discuss the potential impact on the economy.
President Trump signed an executive order Thursday night increasing tariffs on Canadian imports to 35% starting Aug. 1. CBS News' Erica Brown and Kelly O'Grady have the latest.
Ahead of Friday's tariff deadline, President Trump announced on social media that the U.S. and Mexico have agreed to extend their current deal for another 90 days while they continue to negotiate. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The Personal Consumption Expenditures, the Federal Reserve's preferred inflation gauge, ticked higher in June.
Many American businesses are bracing for negative consequences of President Trump's tariffs set to take effect Friday. Ben Knepler, co-founder of the Pennsylvania-based outdoor equipment company True Places, joins CBS News to discuss how the tariffs are impacting his small business.
A new round of CBS News polling shows views of the economy are slightly better than they were earlier this summer, but concerns about more price increases are weighing down the outlook. CBS News executive director of elections and surveys Anthony Salvanto breaks down the findings.
The Federal Reserve on Wednesday left interest rates unchanged for the fifth time in a row. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
President Trump has been pressuring the Federal Reserve to lower interest rates, but the central bank held them steady on Wednesday. Peter Navarro, senior counselor for trade and manufacturing to President Trump, joins "The Takeout" to explain why he believes rates should be cut.
Much remains to be decided about President Trump's tariffs. Top trade adviser Peter Navarro joins "The Takeout" to discuss where things are headed.
The Federal Reserve left interest rates unchanged on Wednesday despite President Trump's push for a cut. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Americans have more positive views of the condition of the stock market, up from May.
The Federal Reserve maintained its benchmark interest rate at Wednesday's Federal Open Market Committee meeting. CBS News' Kelly O'Grady and Olivia Rinaldi have the latest.
More high-income Americans are falling behind on their loan payments as the market for white-collar jobs cools.
Bank of America's Holly O'Neill joins "CBS Mornings Plus" to break down new survey findings showing that more than half of Gen Z cite the cost of living as the biggest barrier to financial success.
Stela Perez makes jeans, tops and dresses out of her fashion company, A Cut Above the Rest LA, but says the price of materials and labor has recently decimated her "made in America" business. Jo Ling Kent reports.
New numbers show Americans have a slightly more positive outlook on the economy. The Consumer Confidence Index rose two points in July compared to June. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
Most Americans under 30 approved at the start of President Trump's second term but are dissatisfied with the economy's direction.
The National Retail Federation says more parents than ever are bracing for price hikes and are trying to get ahead of the Aug. 1 tariff deadline by shopping for school supplies in the middle of summer. Ali Bauman has more.