Hiring slows, unemployment ticks up
The latest jobs report showed faltering numbers, and unemployment ticked up to 4.2%. Jill Schlesinger weighs in.
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The latest jobs report showed faltering numbers, and unemployment ticked up to 4.2%. Jill Schlesinger weighs in.
Employment fell last year in U.S. cities where ICE arrests surged, according to the Brookings Institution.
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.
U.S. employers added 162,000 jobs in August, more than double economists' forecasts. CBS News business producer Emily Pandise has more.
Judge declares mistrial in Lindsay Clancy murder case; U.S. employers add 162,000 jobs in August.
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.
Young Americans, tired of working for others and boosted by AI, are driving a surge in new businesses.
Friday's jobs report showed employers shed jobs last month, rather than adding 95,000 new hires that had been forecast by economists.
The economy unexpectedly lost 23,000 jobs in July, signaling a slowdown that could complicate the Federal Reserve's next move on interest rates in September. The Trump administration downplayed the jobs report, blaming it on federal downsizing and layoffs in World Cup hospitality. CBS News business producer Emily Pandise has more.
The U.S. economy saw an unexpected 23,000 job losses for the month of July. CBS News MoneyWatch correspondent Kelly O'Grady has the details.
An appeals court on Friday barred President Trump from building a White House ballroom without congressional approval. Mr. Trump now says he'll take the case to the Supreme Court. CBS News senior White House and political correspondent Ed O'Keefe reports.
Senate navigating several matters ahead of summer recess; No U.S.-Iran deal yet on Strait of Hormuz.
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
Layoffs have plunged this year. "Recently laid-off workers are finding jobs as fast as the economy is creating new ones," one economist said.
Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Hiring in the U.S. slowed in June, falling short of expectations, according to the Labor Department. CBS News producer Emily Pandise has more.
U.S. employers added 57,000 jobs in June, far below forecasts, signaling that the labor market could be slowing. CBS News' Emily Pandise and Zak Hudak have the latest.
California now has the nation's first dashboard to publicly track artificial intelligence-related job trends, ones created and ones lost. As of now, early findings show no evidence of rising statewide unemployment from jobs exposed to AI. Till von Wachter, a faculty director of the California Policy Lab at UCLA, joins "The Takeout" to discuss.
This week, a federal judge struck down the Trump administration's $100,000 fee on new H-1B visas. The much higher fee was intended to prevent foreign workers from taking American jobs. But some business owners say the U.S. depends on that talent. Shanelle Kaul reports.
As artificial intelligence cements its role across more U.S. job sectors, career training experts say the technology is actually reviving the need for liberal arts skills and diminishing the need for more traditional technical skills. CBS News MoneyWatch reporter Megan Cerullo has more.
Meta has created a free five-week training course called America's Workforce Academy to address shortages of jobs like fiber technicians, welders, plumbers and electricians. The workers would help build data centers and then be guaranteed a job in a skilled trade. Marc Morial, president of the National Urban League, joins to discuss his organization's partnership with Meta on the project.
New research suggests that working remotely full-time can negatively affect people's mental health, despite polls that show people are willing to get paid less for that flexibility. CBS News MoneyWatch reporter Megan Cerullo has more.
LinkedIn's latest workforce report found hiring rates are nearly 5% lower than a year ago. Catherine Fisher, a LinkedIn career expert, explains how job applicants can break through the market, using AI when applying and more.
The Bureau of Labor Statistics released the May jobs report on Friday, with numbers that were significantly higher than experts' projections. President Trump traveled to Wisconsin to meet with dairy farmers in an attempt to energize his supporters. CBS News' Kelly O'Grady and Nikole Killion have more.
Americans say it's tough to find a job, but employers just added a surprisingly strong 172,000 new hires in May.