Layoffs jumped in January as companies pull back on hiring
Employers cut more than 108,000 jobs in January, the highest total for that month since 2009, new data shows.
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Employers cut more than 108,000 jobs in January, the highest total for that month since 2009, new data shows.
The Bureau of Labor Statistics reports the U.S. added 50,000 jobs in December, which is lower than analysts had expected. However, the unemployment rate dropped slightly to 4.4%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The monthly job gains were slightly below the 55,000 forecast by economists, according to a poll by FactSet.
As the job market weakens, the number of Americans applying for unemployment benefits jumped last weak to its highest level in nearly four years.
The Consumer Price Index rose 2.9% in August compared to a year earlier, moving away from the Federal Reserve's 2% annual target. Jobless claims also rose to the highest level since October 2021. CBS News' Kelly O'Grady breaks it down.
President Trump has announced E.J. Antoni, the Heritage Foundation's chief economist, as his pick to run the U.S. Bureau of Labor Statistics after the previous chief was fired amid a weaker-than-expected jobs report. Antoni on Monday criticized the monthly jobs report as flawed and suggested it be replaced with "more accurate, though less timely, quarterly data." James Bennet, D.C. bureau chief for The Economist, joins "The Takeout" with analysis.
While phoning into CNBC on Tuesday morning, President Trump defended his decision to fire the labor statistics commissioner following a disappointing jobs report. CBS News MoneyWatch correspondent Kelly O'Grady has more on the fallout.
The White House is defending President Trump's decision to fire the head of the Bureau of Labor Statistics following a weaker-than-expected July jobs report. CBS News' Olivia Rinaldi and Kelly O'Grady have the latest.
President Trump fired the Bureau of Labor Statistics commissioner on Friday. The reason cited, though it lacked evidence, was that last week's job report was "rigged." Katharine Abraham, who held the position from 1993 until 2001, joins "The Takeout" to discuss.
President Trump on Friday ordered the firing of the labor statistics boss just hours after the release of a weak jobs report. Axios economics reporter Courtenay Brown joins CBS News with analysis.
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.
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.
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.
Companies have reported more than 744,000 job cuts this year — the highest figure since the first six months of 2020, according to an outplacement firm.
New study ranks the best job markets in the U.S. based on commute times, access to employer health insurance and other factors.
While filings remain at historic lows, the uptick in unemployment claims from last week could point to a slowing labor market ahead of jobs report.
Employers across the U.S. added 139,000 jobs in May while the nation's unemployment rate remained at 4.2%, new data shows.
The Trump administration's steps to dismantle the U.S. Agency for International Development has drawn sharp criticism and concern. Keith Ives, a USAID contractor who measures the estimated impact of the organization's programs, joins "America Decides" to discuss how the moves could negatively affect American jobs and small businesses.
The number of Americans applying for unemployment benefits fell slightly last week. Meanwhile, the average 30-year mortgage rate hit 6.85%, the highest since July. CBS News contributor Javier David breaks it down.
The Trump campaign is pouncing on the new jobs report from the Labor Department which shows 12,000 jobs were created last month. Hiring slowed while the country was hit by two major hurricanes and tens of thousands of Boeing workers walked off the job. Caitlin Huey-Burns has details.
The final jobs report before Election Day shows the number of jobs added to the U.S. economy plummeted in October, with only 12,000 new hires. Despite adding roughly 100,000 fewer jobs than expected, the U.S. unemployment rate held steady at just above 4%. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the numbers.
The Labor Department reported an unexpectedly large surge in new job creation, with employers adding 254,000 jobs in September. That's far above what was projected by economists. Jo Ling Kent explains.
A LinkedIn survey earlier this year revealed 85% of American workers want to pursue new roles. But that may prove difficult after August's jobs report showed the hot labor market is cooling down. Catherine Fisher, career expert at LinkedIn, joins CBS News with tips on how to stand out if you're looking to make a change.
The U.S. added 142,000 jobs in August, the Labor Department reported Friday, which was below forecasts, although the unemployment rate ticked down to 4.2%. Economists still overwhelmingly anticipate an interest rate cut from the Federal Reserve in mid-September. Jo Ling Kent has details.
The U.S. added just 114,000 jobs in July, below expectations, the Labor Department reported Friday, while the unemployment rate rose to 4.3%. Jo Ling Kent examines what is behind the slowdown.
Mexico's Ministry of Defense security forces have killed the leader of the Jalisco New Generation Cartel, Nemesio Rubén Oseguera Cervantes, in a military operation.
Blizzard warnings were issued Saturday for New York City, New Jersey, southern New England and coastal communities along the East Coast.
President Trump claims White farmers in South Africa are victims of a genocide. South Africans dispute his claim.
A defense lawyers group has posted a tracking tool to enable users to check on the status of some of the controversial prosecutions attempted by DOJ in the first year of Trump's second term.
An armed man was shot and killed early Sunday morning after "unauthorized entry" into the secure perimeter at President Trump's Mar-a-Lago estate, the U.S. Secret Service said.
Through a sudden death overtime goal, the U.S. men's hockey team is golden over Canada.
U.S. Trade Representative Jamieson Greer said "stand by" the trade deal agreements it has signed with its partners despite the Supreme Court's tariff decision.
Iranian Foreign Minister Abbas Araghchi said Iran has "every right to enjoy a peaceful nuclear energy, including enrichment" as the U.S. pushes for a deal on its nuclear program.
The U.S. State Department's Counterterrorism Bureau shared a post on X about Quentin Deranque, a far-right activist, who died of brain injuries after being beaten.
A defense lawyers group has posted a tracking tool to enable users to check on the status of some of the controversial prosecutions attempted by DOJ in the first year of Trump's second term.
The space agency said Sunday it's targeting Tuesday for the slow, four-mile trek across Kennedy Space Center, weather permitting.
Iranian Foreign Minister Abbas Araghchi said Iran has "every right to enjoy a peaceful nuclear energy, including enrichment" as the U.S. pushes for a deal on its nuclear program.
On this "Face the Nation with Margaret Brennan" broadcast, Iranian foreign minister Abbas Araghchi and U.S. Trade Representative Jamieson Greer join Margaret Brennan.
U.S. Trade Representative Jamieson Greer said "stand by" the trade deal agreements it has signed with its partners despite the Supreme Court's tariff decision.
President Trump signed an order that will impose 10% tariffs on imports from all countries, just hours after the Supreme Court struck down a different set of sweeping global tariffs.
While the Supreme Court struck down the Trump administration's emergency tariffs, experts said it could take years for businesses to get refunds.
The recall involves 3.4 million pounds of frozen chicken fried rice products shipped to Trader Joe's locations nationwide and to retailers in Canada.
A simple reason explains why U.S. economic growth seemed to hit a wall in the final three months of the year.
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
A defense lawyers group has posted a tracking tool to enable users to check on the status of some of the controversial prosecutions attempted by DOJ in the first year of Trump's second term.
Iranian Foreign Minister Abbas Araghchi said Iran has "every right to enjoy a peaceful nuclear energy, including enrichment" as the U.S. pushes for a deal on its nuclear program.
On this "Face the Nation with Margaret Brennan" broadcast, Iranian foreign minister Abbas Araghchi and U.S. Trade Representative Jamieson Greer join Margaret Brennan.
U.S. Trade Representative Jamieson Greer said "stand by" the trade deal agreements it has signed with its partners despite the Supreme Court's tariff decision.
U.S. ambassador to Israel, Mike Huckabee, made his comments during an interview with conservative commentator Tucker Carlson that aired Friday.
After decades of American children routinely receiving polio vaccines, the virus that had doomed many to paralysis was nearly eliminated in the United States. But vaccine avoidance today may allow the crippling disease to return.
After decades of American children routinely receiving polio vaccines, the virus that had doomed many to paralysis was nearly eliminated in the United States. But vaccine avoidance today may allow the crippling disease to return. CBS News chief medical correspondent Dr. Jonathan LaPook talks with David Oshinsky, author of "Polio: An American Story," and with violin virtuoso Itzhak Perlman, who contracted polio as a child, about how parents opting out of vaccinations for their children could affect polio rates here.
A growing, aging population and an acute caregiver shortage are pushing adult care centers to think outside the box. Itay Hod introduces a new, high-tech helper.
Travis Corbitt's struggles to breathe led to his retirement and reliance on an oxygen tank.
Critics have questioned why the federal government should underwrite coverage costs for people with ACA health plans — but almost all health insurance in the U.S. comes with some federal help.
Nemesio Rubén Oseguera Cervantes — also known as "El Mencho" — was the leader of the notorious Jalisco New Generation Cartel prior to his death on Sunday.
The Milan Cortina Olympics ended Sunday with a closing ceremony inside the ancient Roman amphitheater, Verona Arena.
Iranian Foreign Minister Abbas Araghchi said Iran has "every right to enjoy a peaceful nuclear energy, including enrichment" as the U.S. pushes for a deal on its nuclear program.
Mexico's Ministry of Defense security forces killed the leader of the Jalisco New Generation Cartel, Nemesio Rubén Oseguera Cervantes, known as "El Mencho," in a military operation.
U.S. ambassador to Israel, Mike Huckabee, made his comments during an interview with conservative commentator Tucker Carlson that aired Friday.
The Australian-born actress earned an Academy Award nomination for her powerful performance as a mother stretched to the limits.
In this web exclusive, Rose Byrne, an Oscar nominee for best actress for her performance in Mary Bronstein's "If I Had Legs I'd Kick You," talks with Tracy Smith about her response to the character of Linda, a woman at the end of her rope. She also talks about her early years in Hollywood, including her friendship with fellow Australian Heath Ledger, and her experience playing comedy with "Bridesmaids."
Australian-born actress Rose Byrne earned an Academy Award nomination for her powerful performance in the drama "If I Had Legs I'd Kick You," playing a mother stretched to the limits. She talks with correspondent Tracy Smith about playing a woman losing all sense of control. Byrne also discusses her early years in Hollywood and the help she received from fellow Aussie Heath Ledger; and how she branched off from working in dramas like the TV series "Damages," to comedies like "Bridesmaids."
"Sunday Morning" remembers some of the notable figures who left us this week, including Academy Award-winning actor Robert Duvall.
In 1968, a group of artists, activists, and community members founded the Studio Museum in Harlem. It was a space not just for displaying works celebrating the contributions of African-American artists, but also to foster up-and-coming artists through a residency program. Now, following a seven-year, $160 million renovation, the Studio Museum has reopened. Nancy Giles pays a visit.
A growing, aging population and an acute caregiver shortage are pushing adult care centers to think outside the box. Itay Hod introduces a new, high-tech helper.
One of the catalysts for the social media addiction debate was a 2024 book called "The Anxious Generation" by social psychologist Jonathan Haidt. His new book tries to help parents and kids break free from screens. Haidt joins CBS News to discuss Mark Zuckerberg, the ongoing social media addiction trial and 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.
A Los Angeles judge ordered Meta officials to remove their AI glasses at a trial over the impact of social media on users.
Meta CEO Mark Zuckerberg took the stand at the social media addiction trial examining whether children and teens were given access to an addictive and harmful product. CBS News' Carter Evans reports.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in an unanticipated crossing of a near-frozen Delaware River. Environmental correspondent David Schechter looks at how Washington's watershed military maneuver dramatized both a changing America, and a changing climate.
The Winter Olympics in Milan need artificial snow due to climate change and warmer weather. Athletes say man-made snow makes terrain more difficult and unpredictable. Rob Marciano reports on its impact.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Nemesio Rubén Oseguera Cervantes — also known as "El Mencho" — was the leader of the notorious Jalisco New Generation Cartel prior to his death on Sunday.
In April 2024, college student Sade Robinson, 19, went on a first date and never came home. Her car was found set on fire 3 miles from her apartment. Using data from an app on her phone, law enforcement began to piece together where she went — and who she was with.
Cati Blauvelt was discovered in an abandoned South Carolina farmhouse in 2016 — a broken knife blade inside her body. Almost immediately, her friends had one suspect in mind: John Blauvelt, her estranged husband, a once-respected Army recruiter.
Caleb Flynn, 37, appeared in season 12 of "American Idol." He was arrested by Tipp City police last week and charged with murder, assault and tampering with evidence.
Police in Spain seized a stash of about 1,161 pounds of Papaver somniferum, also known as opium poppy.
The space agency said Sunday it's targeting Tuesday for the slow, four-mile trek across Kennedy Space Center, weather permitting.
The Artemis II mission aims to send four astronauts — Reid Wiseman, Victor Glover, Christina Koch and Canadian astronaut Jeremy Hansen — on a flight around the far side of the moon and back.
An internal investigation is blasting NASA's handling of the first piloted flight of Boeing's Starliner spacecraft in 2024. The flight left two astronauts stuck on the International Space Station for nearly a year. The investigation found the flight was plagued by potentially life-threatening technical and management failures.
President Trump has ordered the release of all government documents related to aliens, UFOs and extraterrestrial life. It comes after former President Barack Obama addressed the topic earlier this week and said aliens are real, a statement which he later modified. CBS News contributor Janna Levin has more details.
A successful fueling test prompts NASA to press ahead toward a March 6 moonshot.
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.
The Milano Cortina Winter Olympics came to a spectacular close Sunday night in a historic Roman amphitheater in Verona, Italy. Seth Doane in Cortina covered all 19 days of competition and reflects on its impact.
The U.S. men's hockey team beat Canada on Sunday to win its first Olympic gold medal since the "Miracle on Ice" in 1980. Kelly O'Grady reports.
Russia fired scores of missiles and drones at targets across Ukraine Sunday. Holly Williams is in Kyiv with more.
The United States stands at the brink of a major conflict in the Middle East with the Iranian regime grappling with domestic discontent and the threat of U.S. strikes. Charlie D'Agata reports.
Mexican security forces killed Nemesio Rubén Oseguera Cervantes, also known as "El Mencho," during an operation in the western state of Jalisco, Mexico's Ministry of Defense said Sunday. Violent clashes erupted in parts of western Mexico amid the operation. Americans caught in the chaos have been told to shelter in place. Willie James Inman reports.