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.
President Trump said he will give federal agencies six months to phase out their use of Anthropic's AI products.
Negotiators from the U.S. and Iran have made "substantial progress" toward a deal to curb Iran's nuclear program, Omani Foreign Minister Badr Albusaidi told CBS News on Friday.
Former President Bill Clinton denied any knowledge of Jeffrey Epstein's crimes in an opening statement before the House Oversight Committee in New York.
In an interview airing tonight on "CBS Evening News," Renee Good's family said they would trade their lives for hers if they could.
The designation enables the U.S. to punish Iran for detaining Americans for political leverage
Defense Secretary Pete Hegseth announced Friday that the Pentagon would be canceling troops' attendance at some of the nation's top universities.
Stocks fell in afternoon trading after a report showed higher-than-expected inflation and as Wall Street continues to fret over AI-related disruption.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
A U.S. official says a laser weapon was used to down the drone in the area of Fort Hancock, a small community on the U.S.-Mexico border.
Conspiracy theories about the Epstein files have racked up millions of views on social media. Here's what to know about 10 of the most viral claims.
In the years to come, robots will help offset worker shortages in health care, manufacturing and other industries, experts say.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
Defense Secretary Pete Hegseth announced Friday that the Pentagon would be canceling troops' attendance at some of the nation's top universities.
"If somebody charges you something and it's unlawful, they should give you your money back," Dame CEO Alexandra Fine said.
Defense Secretary Pete Hegseth deemed artificial intelligence firm Anthropic a supply chain risk on Friday, following days of increasingly heated public conflict with the AI company.
In the years to come, robots will help offset worker shortages in health care, manufacturing and other industries, experts say.
In his new memoir, the former CEO of Goldman Sachs writes about a life that stretched from the projects of New York City to the pinnacle of Wall Street.
"If somebody charges you something and it's unlawful, they should give you your money back," Dame CEO Alexandra Fine said.
Stocks fell Friday after a report showed higher-than-expected inflation and as Wall Street continues to fret over AI-related disruption.
Defense Secretary Pete Hegseth deemed artificial intelligence firm Anthropic a supply chain risk on Friday, following days of increasingly heated public conflict with the AI company.
Defense Secretary Pete Hegseth announced Friday that the Pentagon would be canceling troops' attendance at some of the nation's top universities.
Negotiators from the U.S. and Iran have made "substantial progress" toward a deal to curb Iran's nuclear program, Omani Foreign Minister Badr Albusaidi told CBS News on Friday.
The designation enables the U.S. to punish Iran for detaining Americans for political leverage
President Trump said he will give federal agencies six months to phase out their use of Anthropic's AI products.
More than three dozen states cover dental services for people on Medicaid, but with about $900 billion in cuts expected to hit states over the next decade, many programs could roll back dental coverage.
Chaz and Jean Franklin were facing a sevenfold increase in their health premium payments with the expiration of enhanced federal subsidies for Affordable Care Act plans. Then Jean received a crushing diagnosis.
A British gym chain is offering classes in "kidulting," luring adults into fitness with classes built around playground and PE class classics.
Starting in 2027, the Danish pharma firm will sell its weight-loss and diabetes drugs for $675 per month.
Robert F. Kennedy Jr. has criticized the broadening use of anxiety medications, but doctors and researchers say the MAHA movement is misrepresenting drugs that have been proven to help.
Negotiators from the U.S. and Iran have made "substantial progress" toward a deal to curb Iran's nuclear program, Omani Foreign Minister Badr Albusaidi told CBS News on Friday.
The designation enables the U.S. to punish Iran for detaining Americans for political leverage
The find was made on a farmer's land in western Wales, museum Amgueddfa Cymru said.
President Trump said Friday that he is "not happy" with the pace of progress in negotiations with Iran.
One official calls a newborn boy "a symbol of the resistance of the Akuntsu people, but also a source of hope for Indigenous peoples."
Neil Sedaka, the singer and songwriter behind such hits as "Breaking Up is Hard to Do," "Calendar Girl," and "Love Will Keep Us Together," died on Friday, Feb. 27, 2026 at age 86. In this 2020 "Sunday Morning" story, David Pogue talked with Sedaka – as well as Valerie Simpson (of Ashford & Simpson), author John Seabrook, and producer Oak Felder – about the elements that go into writing a hit song.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
In his memoir, the Tony Award-winning composer of such hits as Broadway's "Hairspray" writes of his half-century in show business, which grew in part from his youthful worship of Bette Midler - an adoration that would grow into a collaboration.
For Oscar-winning composer Ludwig Goransson, creating the score for "Sinners" was a challenge, explaining he had to find his "voice within the blues." He describes his unlikely personal connection to the music and how he met the film's director.
"Scream" writer and creator Kevin Williamson describes his passion for horror films and being asked to direct a "Scream" movie for the first time, at the request of one of the returning stars. Natalie Morales reports.
President Trump ordered the federal government to cut ties with tech start-up Anthropic. Defense Secretary Pete Hegseth also said he will designate Anthropic a supply-chain risk to national security. Brendan Bordelon, AI and tech influence reporter for Politico, joins "The Daily Report" to discuss.
The deadline for artificial intelligence company Anthropic to meet the Pentagon's demands for unrestricted AI access has come and gone without a deal. Frank Kendall, secretary of the Air Force during the Biden administration, joins "The Takeout" with analysis.
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.
In the years to come, robots will help offset worker shortages in health care, manufacturing and other industries, experts say.
President Trump on Friday ordered federal agencies to stop using Anthropic's artificial intelligence technology. The company was in a dispute with the Pentagon over the military's use of its AI. Katrina Manson, Bloomberg News reporter, joins to discuss.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
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.
Former President Bill Clinton is being deposed by members of the House Oversight Committee over his alleged links to Jeffrey Epstein. CBS News' Nikole Killion reports.
Columbia University acting president Claire Shipman described the ICE detention of student Elmina "Ellie" Aghayeva, claiming agents gained entry to a residential building by stating they were police seeking a missing child. CBS News' Tom Hanson reports.
Former President Bill Clinton is up next for a deposition before members of the House Oversight Committee regarding his alleged links to convicted sex offender Jeffrey Epstein. CBS News' Nikole Killion reports.
Columbia University student Elmina Aghayeva has been released after ICE took her from one of the institution's residential buildings. CBS News' Tom Hanson reports.
Kentucky Republican Rep. James Comer, the chairman of the House Committee on Oversight and Accountability, said Commerce Secretary Howard Lutnick may be asked to testify on his knowledge of convicted sex offender Jeffrey Epstein's dealings. This comes as former President Bill Clinton prepares for his deposition. CBS News' Nikole Killion reports.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
NASA's Artemis II mission continues to face concerns and delays. Scott E. Parazynski, a former astronaut, joins CBS News with more.
NASA is rolling back the Artemis II moon rocket from its launch pad at the Kennedy Space Center in Florida. It is expected to take up to 12 hours to move the 322-foot rocket, with the journey spanning four miles back to its hangar for repairs. CBS News space consultant Bill Harwood has more.
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.
Neil Sedaka, the singer and songwriter behind such hits as "Breaking Up is Hard to Do," "Calendar Girl," and "Love Will Keep Us Together," died on Friday, Feb. 27, 2026 at age 86. In this 2020 "Sunday Morning" story, David Pogue talked with Sedaka – as well as Valerie Simpson (of Ashford & Simpson), author John Seabrook, and producer Oak Felder – about the elements that go into writing a hit song.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
President Trump ordered the federal government to cut ties with tech start-up Anthropic. Defense Secretary Pete Hegseth also said he will designate Anthropic a supply-chain risk to national security. Brendan Bordelon, AI and tech influence reporter for Politico, joins "The Daily Report" to discuss.
New York City Mayor Zohran Mamdani met with President Trump again in the Oval Office on Thursday to discuss housing. Political strategists Laurie Watkins and Mark Bednar join with analysis.
During his State of the Union address, President Trump took time to tout his new drug platform, TrumpRx, which offers discounted generic prescriptions for 43 medications. John Stanford, who focuses on prescription drugs in his role as executive director at the venture capital firm Incubate, joins to discuss.