College grad unemployment rises amid AI use
The unemployment rate for new college graduates has recently surged. Economists say businesses are now replacing entry-level jobs with artificial intelligence. Ali Bauman has the story.
Watch CBS News
The unemployment rate for new college graduates has recently surged. Economists say businesses are now replacing entry-level jobs with artificial intelligence. Ali Bauman has the story.
The June jobs report beat expectations, with more than 140,000 new positions added last month. The unemployment rate declined to 4.1%. But there is more to the numbers than just the headline. Jo Ling Kent explains.
The June jobs report is out from the Bureau of Labor Statistics and it shows a solid labor market despite economic uncertainty. CBS News MoneyWatch correspondent Kelly O'Grady has more.
New jobs numbers on Thursday revealed a stronger than expected month of June, but a deep dive inside the numbers reveals some not so pleasant surprises. CBS News MoneyWatch correspondent Kelly O'Grady explains.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
Advocates of the four-day workweek are using artificial intelligence as a way to achieve their goal of shortening the workweek without pay cuts. Roger Kirkness, CEO of Convictional, joins to discuss how implementing a four-day workweek has impacted his employees.
Stocks lost ground on Friday as traders kept a close eye on the conflict between Israel and Iran. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
In our School Matters series, we're taking a look at the crisis in the country’s rural classrooms due to a shortage of teachers. About one in five U.S. students attend rural schools, but those communities struggle to recruit and retain teachers. Jericka Duncan traveled to a small town in Colorado to see how they're tackling the problem.
In Chicago, teachers walked off the job in a massive strike. But the city is warning their demands are too costly. Meg Oliver reports.
With our economy becoming more and more dependent upon machines, what will that mean for the future of employment? David Pogue of Yahoo Finance looks at the increasing use of autonomous vehicles and robots, and talks with Martin Ford, author of the book "Rise of the Robots."
Friday's monthly jobs report showed some softening in private sector hiring, but little that would suggest a coming recession, with the economy adding 139,000 jobs in May. Peggy Collins and Laura Davison, who cover politics for Bloomberg News, join "The Takeout" to discuss the jobs report, the latest on the feud between President Trump and Elon Musk, and more.
In this two-part story, Lesley Stahl profiles STRIVE, a Harlem-based nonprofit that prepares chronically unemployed people for the workforce. Part boot-camp, part group therapy, STRIVE placed more than 15,000 clients in jobs over 12 years, jobs most still had two years later.
The ADP released numbers showing the private sector added 37,000 jobs — the smallest increase in more than two years. Kelly O'Grady explains.
ADP's May employment report, released on Wednesday, suggests that the labor market is weakening. CBS News MoneyWatch correspondent Kelly O'Grady unpacks the data and what it could mean for the U.S. economy.
60 Minutes investigates how some businesses have fired American workers and replaced them with cheaper labor: temporary, foreign workers with H-1B visas. Bill Whitaker reports on Sunday, Aug. 13 at 7 p.m. ET/PT.
"60 Minutes" producer Katy Textor talks about an investment fund resurrecting jobs in hard-hit areas. One company's solution? Hire recovering addicts.
While "buy now, pay later" loans have been used for big-ticket items for years, new data shows that a growing number of American consumers use the method for everyday items. CBS News MoneyWatch correspondent Kelly O'Grady has more.
For people who have served time, being released from prison is just the start of the road back. Tom Hanson has the story of a program that matches former prisoners with an industry in need of workers.
The bottom 60% of U.S. households don't make enough money to afford a "minimal quality of life," according to a new analysis.
Graduation season is in full swing, with the hope of promising careers ahead. A new report by Tallo, which helps recent graduates navigate their career paths, shows connecting to those dream jobs can be difficult. Tallo CEO Allison Danielsen joins to discuss.
College graduation season is well underway, and many soon-to-be graduates are entering a crowded job market. The unemployment rate for recent college graduates is currently at 5.8%, the highest level since the summer of 2021, according to the U.S. Bureau of Labor Statistics. (Sponsored by AT&T).
The U.S. and China have agreed to a 90-day tariff reduction with the Trump administration lowering import taxes on Chinese goods from 145% to 30% on Wednesday. Port of Los Angeles executive director Gene Seroka joins "The Daily Report" to discuss.
The Federal Reserve said Wednesday it will leave U.S. interest rates unchanged amid trade uncertainty and risk of stagflation. CBS News senior business and technology correspondent Jo Ling Kent has more.
The Trump administration has unveiled its budget blueprint for 2026. Now, it's only a matter of getting Congress on board. Plus, more jobs were added to the U.S. economy in April than expected, despite uncertainty with the Trump administration's tariff plans against trade partners. CBS News' Willie James Inman and Jo Ling Kent have the latest.
Employers added 177,000 jobs last month as the labor market keeps humming, for now, despite all the turmoil caused by President Trump's tariffs. The White House is taking credit for the job growth after blaming former President Biden for the drop in gross domestic product earlier this week. Mr. Trump said this is a sign that Federal Reserve Chair Jerome Powell should cut interest rates. CBS News' Ed O'Keefe and Jo Ling Kent report.
Trump says he scrapped a planned attack on Iran at the request of Gulf allies as "serious negotiations" on a peace deal are underway.
Survivors say they'd asked for more medical support before the Iranian drone strike that killed six U.S. soldiers at their command post in Kuwait in the war's first 24 hours.
A security guard who was among the victims killed in a shooting at the Islamic Center of San Diego is being hailed for his heroism and bravery during the attack.
President Trump has been openly mulling a takeover of Cuba similar to the operation that toppled Venezuela's Nicolás Madoro. What it would mean for the regime's leaders remains to be seen. Here are some of the figures to watch.
Voters are going to the polls Tuesday for primaries in several states, including the most expensive House primary in history.
Investigators have been looking at a handful of Chinese firms that together control the majority of unrefrigerated shipping container manufacturing around the globe, the sources said.
Political chaos has engulfed Britain, with six people holding the U.K.'s top job in a decade, including one prime minister who lasted only 45 days.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
The Trump administration is doubling down on efforts to resettle White Afrikaners from South Africa as refugees, proposing to increase the government's refugee cap to welcome thousands more of them, according to a plan obtained by CBS News.
Investigators have been looking at a handful of Chinese firms that together control the majority of unrefrigerated shipping container manufacturing around the globe, the sources said.
A security guard who was among the victims killed in a shooting at the Islamic Center of San Diego is being hailed for his heroism and bravery during the attack.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Voters are going to the polls Tuesday for primaries in several states, including the most expensive House primary in history.
New York Gov. Kathy Hochul said the MTA and LIRR unions reached "a fair deal" to end the strike after three days.
Police in Spain arrested the son of Isak Andic, the billionaire founder of the Spanish fashion brand Mango, for allegedly having played a role in his December 2024 death.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
With inflation hitting its highest point since 2023, Kiana Powell told CBS News, "I cannot let a deal go to waste if it's something that I am using daily."
U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
Investigators have been looking at a handful of Chinese firms that together control the majority of unrefrigerated shipping container manufacturing around the globe, the sources said.
President Trump has been openly mulling a takeover of Cuba similar to the operation that toppled Venezuela's Nicolás Madoro. What it would mean for the regime's leaders remains to be seen. Here are some of the figures to watch.
Survivors say they'd asked for more medical support before the Iranian drone strike that killed six U.S. soldiers at their command post in Kuwait in the war's first 24 hours.
Voters are going to the polls Tuesday for primaries in several states, including the most expensive House primary in history.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
A missionary doctor who was serving in Congo will receive treatment in Germany after testing positive for Ebola. Skyler Henry has the latest.
An American medical missionary in the Democratic Republic of the Congo was evacuated after testing positive for Ebola.
The virus behind the latest Ebola outbreak is the Bundibugyo virus, which is less common and there is no vaccine or treatment.
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
President Trump has been openly mulling a takeover of Cuba similar to the operation that toppled Venezuela's Nicolás Madoro. What it would mean for the regime's leaders remains to be seen. Here are some of the figures to watch.
Iranian state media showed wedding ceremonies in Tehran for dozens of couples said to have volunteered for "self-sacrifice" in the war with the U.S.
Sana Yousaf's murder in June drew nationwide condemnation and reignited debate over women's safety.
Survivors say they'd asked for more medical support before the Iranian drone strike that killed six U.S. soldiers at their command post in Kuwait in the war's first 24 hours.
Trump says he scrapped a planned attack on Iran at the request of Gulf allies as "serious negotiations" on a peace deal are underway.
Actor Beanie Feldstein talks about the theme of her debut children's book, which focuses on the power of friendship. She also discusses becoming a parent soon and starring in a new film with Robert De Niro.
Rob Cesternino, a 2-time "Survivor" castaway, talks about the upcoming "Survivor 50" finale, who he think will make the final three and who is his favorite to win the game.
Golden Globe-nominated actor Hayden Panettiere shares her story and opens up about life in the spotlight as a young actor, postpartum depression and her healing journey.
Jane Pauley hosts our annual look at design. Featured: Tiny homes in your backyard; Louis Vuitton; Adobe house construction; Finland's Marimekko; domino art; Philadelphia food favorites; chandeliers; Longwood Gardens; rare maps; and director Jon Favreau of "The Mandalorian and Grogu."
"Call Her Daddy" host Alex Cooper said on Instagram that she and husband Matt Kaplan are expecting their first child.
A California jury on Monday unanimously dismissed Elon Musk's lawsuit against OpenAI and its top executives. CBS News legal contributor Jessica Levinson breaks down the case.
A California jury on Monday unanimously dismissed Elon Musk's lawsuit against OpenAI and Sam Altman. CBS News senior business and technology correspondent Jo Ling Kent reports.
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.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
A nine-person jury will begin deliberations Monday in Elon Musk's $150 billion civil lawsuit against OpenAI CEO Sam Altman. Rachel Metz, artificial intelligence reporter for Bloomberg, joins with more.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
The upcoming El Niño could trigger frequent and widespread flooding in coastal areas around the United States, even when storms aren't actively taking place, scientists warn.
The long-necked herbivore is the largest ever found in Southeast Asia, researchers said.
The last time an El Niño pattern occurred was in 2023, when the Eastern Pacific hurricane season produced 20 tropical systems.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
A security guard who was among the victims killed in a shooting at the Islamic Center of San Diego is being hailed for his heroism and bravery during the attack.
Video shows children fleeing the scene of a deadly shooting at the Islamic Center of San Diego on Monday. CBS News' Anna Schecter has the latest details.
A New York judge ruled on Monday on what critical evidence can be used in Luigi Mangione's state trial, including a gun and red notebook. Mangione is accused of killing UnitedHealthcare CEO Brian Thompson in 2024 and has pleaded not guilty.
The Islamic Center of San Diego shooting, where three were killed on Monday, is being investigated as a hate crime as more details emerge about the suspected shooters. Jonathan Vigliotti reports, and Michael Alcazar, a professor at John Jay College of Criminal Justice, joins CBS News with more insight.
Three people were killed in a shooting at the Islamic Center of San Diego on Monday in what police are investigating as a possible hate crime. Two teenage suspects were also found dead. Jonathan Vigliotti reports.
The International Space Station-bound SpaceX Cargo Dragon is loaded with 6,500 pounds of needed equipment, research gear and crew supplies.
Researchers expected to find "a gradual increase in artificial light at night," but instead saw "much more nuanced patterns," NASA said.
NASA's Psyche spacecraft will slingshot past Mars on Friday, on its way toward a rare metal-rich asteroid.
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
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.
Democratic Sen. Chris Van Hollen and acting Attorney General Todd Blanche got into a heated exchange during a Senate hearing on Tuesday. Van Hollen questioned Blanche about the creation of the $1.7+ billion "anti-weaponization fund" and the Jeffrey Epstein files.
Matt Allison, the executive director of the missionary group Serge, joins CBS News with more details on the American doctor who contracted Ebola while working in the Democratic Republic of Congo.
The U.S. announced its latest round of sanctions against the Cuban government and military officials on Monday as tensions ramp up in the region. CBS News' Cristian Benavides has more.
Dr. Peter Stafford, a Serge medical missionary serving in Congo, is being treated in Germany after testing positive for Ebola. CBS News' Celine Gounder has more details.
Russian President Vladimir Putin is visiting China a week after President Trump's summit with Xi Jinping. CBS News' Holly Williams reports.