Employers added 29,000 jobs in September, missing economic forecasts
Unemployment ticked up to 4.2% in September, while employers pulled back on hiring amid economic headwinds.
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Unemployment ticked up to 4.2% in September, while employers pulled back on hiring amid economic headwinds.
Hiring plans are up 3% so far this year, signaling the labor market remains resilient, experts say.
Mounting food costs are stressing Americans out more than any other financial pressure, a new survey from the Kitchen Table Project finds. Former Federal Reserve vice chair and Kitchen Table Project chair Lael Brainard shares her thoughts.
Glenn Brunkow, a fifth-generation farmer and the president of Kansas Farm Bureau, talks about how high prices are impacting the community.
Oil prices continue to rise as a result of the war with Iran. The average cost of regular gas is now $4.48, and diesel is $6.53, according to AAA. Yahoo Finance reporter Brooke DiPalma has more on whether a diesel export ban would be effective in curbing gas prices.
More Republicans in competitive races are calling on President Trump to end the war in Iran, hoping to create distance from the president's record-low poll numbers and his inflation-fueling war. CBS News chief Washington correspondent Major Garrett has more.
America's farmers face a tough harvest this year with trade wars, tariffs and inflation all taking a toll. The cost of diesel hit a new record, averaging $6.50 a gallon, nearly a dollar higher than last month. Lana Zak reports from North Liberty, Iowa.
The Federal Reserve spiked interest rates by 0.25 percentage points on Wednesday, sparking further concerns over the economy, especially for U.S. farmers. CBS News' Lana Zak has more.
Getting rich in the U.S. is still possible, but the most common path to wealth doesn't involve working for other people, according to a new book.
The Federal Reserve raised interest rates for the first time in three years on Wednesday, a sign of concern about rising prices. Meanwhile, the cost of diesel fuel hit a new record on Wednesday, for the eighth day in a row. Nancy Cordes reports on rising prices and Kelly O'Grady has more details on the Fed's decision.
The Federal Reserve changed course and raised interest rates Wednesday for the first time since 2023. The rate hike will be an increase of 0.25 percentage points, bringing its target range to between 3.75% and 4%. Greg Robb, MarketWatch senior reporter and economics editor, joins CBS News with more.
The Federal Reserve on Wednesday raised interest rates by one-quarter of a percentage point in its first rate increase since 2023. CBS News' Kelly O'Grady and Nancy Cordes report.
Federal Reserve unanimously votes to raise interest rates; President Trump stumping for GOP Senate nominee Michael Whatley in North Carolina.
The Dow Jones closed down around 1.2% on Wednesday after the Federal Reserve announced its first interest rate increase since July 2023. CBS News' Kelly O'Grady and Aaron Navarro report.
AI has fueled a stock boom in recent years. Now, some Wall Street analysts think that epic run is coming to an end.
Stocks stayed in the red on Tuesday ahead of the Federal Reserve's interest rate decision on Wednesday. CBS News contributor Javier David has a preview of the meeting.
One group of American workers is seeing their fastest wage growth in more than three years as they jump ship and change jobs. CBS News MoneyWatch reporter Megan Cerullo explains.
Stocks started the week in negative territory as high gas prices and recent warnings from tech leaders about artificial intelligence spooked investors. Matt Phillips, markets correspondent for Axios, joins CBS News with analysis.
Leaders in AI have explicitly warned that a lack of regulation on the industry could have dire consequences. CBS News business analyst Jill Schlesinger joins to discuss how a slowdown in development could impact stock markets.
Americans are feeling the squeeze from skyrocketing fuel prices, with gas rising 16 cents from a week ago to a nationwide average of $4.31 per gallon. Concerns about oil prices followed President Trump during his trip to Ireland this weekend. Nancy Cordes has more details.
Thursday marks Day 2 of the GOP's first midterm convention. Republican National Committee Chairman Joe Gruters joins "The Takeout" from the convention floor to discuss his party's game plan for the November elections.
President Trump pitches $5,000 dividends if GOP keeps Congress; Republicans hold Day 2 of midterm convention in Dallas.
Canadian tariffs took effect on about $20 billion worth of U.S. goods on Tuesday. It marked the latest escalation in a trade war with no clear end in sight. Nancy Cordes has more details.
Tuesday marks 56 days until the midterm elections, where the balance of power of the U.S. Congress hangs in the balance. CBS News executive director of elections and surveys Anthony Salvanto and Sabato's Crystal Ball managing editor Kyle Kondik join with analysis.
Canada's steep retaliatory tariffs against the U.S. took effect early Tuesday morning. CBS News chief White House correspondent Nancy Cordes has the details.