Jobless claims reach highest level since 2021, a sign layoffs are rising
As the job market weakens, the number of Americans applying for unemployment benefits jumped last weak to its highest level in nearly four years.
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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.
As many as 4 in 10 companies say they have posted a job listing this year that doesn't exist, while 3 in 10 say they're currently advertising for a role that isn't real, according to a May survey of over 600 hiring managers from the career site Resume Builder. Tim Paradis, future-of-work correspondent for Business Insider, joins CBS News to explain why some companies are doing this, and how you can spot the fake postings.
The latest jobs report showed that the U.S. added 272,000 jobs last month, significantly higher than forecasters had expected. Michael George has more.
The latest data from the Labor Department shows the U.S. added 272,000 jobs in May. The figure was much higher than economists expected, indicating that the market is not slowing down. CBS News senior business and technology correspondent Jo Ling Kent explains what the report means for the Fed's fight against inflation.
President Trump said Georgia Republican Rep. Marjorie Taylor Greene is "not AMERICA FIRST or MAGA" and also attacked "60 Minutes" and Paramount in a social media post.
Over the weekend, Defense Secretary Pete Hegseth declined to commit to releasing video of a September boat strike operation.
Alina Habba served as a personal lawyer to President Trump before she was tapped to temporarily serve as U.S. attorney in New Jersey.
The provision was tucked into the National Defense Authorization Act, an annual defense policy bill that has passed every year for more six decades.
Ex-FBI agents are trying to get their jobs back, claiming they were fired during Trump's second term for their efforts in 2020 to head off a riot in the wake of the killing of George Floyd.
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
The Supreme Court heard arguments over the president's authority to remove members of many independent agencies that Congress has sought to insulate from political pressure.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy Warner Bros. in a deal valued at $82.7 billion.
The nominations for the 2026 Golden Globes were announced on Monday morning. Here are the nominees.
Over the weekend, Defense Secretary Pete Hegseth declined to commit to releasing video of a September boat strike operation.
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
Ex-FBI agents are trying to get their jobs back, claiming they were fired during Trump's second term for their efforts in 2020 to head off a riot in the wake of the killing of George Floyd.
The Federal Reserve's last meeting of 2025 will determine whether borrowers get more relief on interest rates.
NBA star Terry Rozier was arrested in Orlando in October during a sweeping FBI crackdown in which 34 defendants were charged across two federal indictments.
Homeownership can feel like a luxury when only a sliver of the country's housing market is affordable for most Americans, Bankrate analyst says.
The Federal Reserve's last meeting of 2025 will determine whether borrowers get more relief on interest rates.
The new financial aid package is expected to shore up the U.S. agricultural sector, which has been hurt by tariffs and a trade war with China.
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
Over the weekend, Defense Secretary Pete Hegseth declined to commit to releasing video of a September boat strike operation.
Two companies dominate U.S. dialysis services, and a CBS News review of federal data found one-third of dialysis clinics failed to meet federal standards this year.
The provision was tucked into the National Defense Authorization Act, an annual defense policy bill that has passed every year for more six decades.
Ex-FBI agents are trying to get their jobs back, claiming they were fired during Trump's second term for their efforts in 2020 to head off a riot in the wake of the killing of George Floyd.
Rep. Jasmine Crockett filed paperwork to run for U.S. Senate just hours before the state's deadline — and hours after fellow Democrat Colin Allred dropped out.
Mixed nuts from Ohio-based Mellace Family Brands sold at some Wegmans stores could be tainted with Salmonella, FDA warns.
The Centers for Disease Control and Prevention's vaccine advisory panel on Friday voted to not recommend the Hepatitis B vaccine for everyone at birth, alarming many in the medical community. CBS News medical contributor Dr. Celine Gounder explains what to know about the decision and its potential impact.
The Trump administration's elevation of Dr. Tracy Beth Høeg to lead a high-profile office within the Food and Drug Administration is raising alarm among multiple senior FDA officials.
California's public health department said one person has died and several others have suffered severe liver damage due to eating toxic mushrooms that were foraged.
Nardiz Cooke was immediately transfixed by the mask she wore while receiving treatment for late-stage cancer.
The provision was tucked into the National Defense Authorization Act, an annual defense policy bill that has passed every year for more six decades.
One of two suspects has been arrested in the theft of eight artworks by Matisse, as well as five pieces by Brazilian modernist painter Candido Portinari.
Underwater archaeologists announced they had discovered the ancient wreck of an ancient Egyptian pleasure boat off the coast of Alexandria.
A powerful wave dragged a group of swimmers at a popular seawater pool along the coast of the Spanish island of Tenerife. At least four people have died and one is missing.
White House envoys say the Ukraine peace process hinges "on Russia's readiness," but Mr. Trump is once again voicing disappointment with Kyiv.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at nearly $83 billion.
The nominations for the 2026 Golden Globes were announced on Monday morning. Here are the nominees.
"CBS Mornings" reveals the nominees for some of the Golden Globe Awards' biggest categories. Plus, Fandango managing editor Erik Davis breaks down the nominations.
President Trump hosted the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Elvis Presley biographer Peter Guralnick's latest book traces the relationship between the King and Colonel Tom Parker, a manager whose marketing savvy helped launch a rock 'n' roll revolution.
At least six American families are suing Character.AI, its co-founders and Google over the role its chatbot allegedly played in encouraging their children to take their own lives. Ian Krietzberg, AI correspondent for Puck News, joined CBS News to discuss.
Waymo, the ride-hailing service, says it is planning a voluntary software recall to fix a glitch after reports its self-driving cars don't stop for school buses. The company has already tried to fix the issue, but police in Texas said it didn't work. Kris Van Cleave 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.
Who dresses as St. Nick and speaks an odd brogue? Why, it's Techno Claus, a.k.a. David Pogue! He offers "Sunday Morning" viewers his valuable tips for the gadget lovers on your gift-giving list.
Tilly Norwood is unlike any other aspiring TV or movie star: Tilly is entirely generated by artificial intelligence. What might that mean for the media industry?
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
Kian Sadeghi, the 25-year-old founder and CEO at Nucleus Genomics, tells "CBS Mornings" that parents have every right to select the qualities and traits they desire in their child.
Ant colonies act as one "super-organism" which works to ensure the survival of all, according to a team of scientists.
The discovery could cast some doubt on the status of Lucy's species as the direct ancestor of Homo sapiens.
Wolf DNA seems to have influenced the size, smelling power and even personality of modern dog breeds, scientists said.
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson in December 2024, returned to court Monday for a pretrial hearing. CBS News legal contributor Caroline Polisi joins with analysis.
Luigi Mangione, charged with murdering UnitedHealthcare CEO Brian Thompson last year in New York City, was back in court Monday as his defense attorneys try to have certain evidence withheld from his upcoming state trial. CBS News legal reporter Katrina Kaufman has more.
One of two suspects has been arrested in the theft of eight artworks by Matisse, as well as five pieces by Brazilian modernist painter Candido Portinari.
It's one of the most common violent crimes in America, but many experts say we don't talk about it enough. Domestic violence is behind the majority of shootings where women are injured or killed. The head of our CBS News Crime and Public Safety Unit, Anna Schecter, takes a closer look at the issue.
NBA star Terry Rozier was arrested in Orlando in October during a sweeping FBI crackdown in which 34 defendants were charged across two federal indictments.
Samples collected from the asteroid Bennu are continuing the shed light on the origins of the solar system and how life developed on Earth, scientists say.
The U.S. Air Force has approved SpaceX's plan to redevelop a historic launch pad at Cape Canaveral. CBS News correspondent Mark Strassmann reports.
Solar flares and other activity can disrupt radio communications, power grids and navigation signals, according to NASA.
Researchers have documented 55 instances of "mini lightning" over two Martian years by eavesdropping on the whirling wind recorded by NASA's Perseverance rover.
The new space station crew includes American Chris Williams, who holds a Ph.D. in astronomy and is a board-certified medical physicist at Harvard Medical School.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
New York City Mayor-elect Zohran Mamdani has released a video giving advice to New Yorkers on how to deal with immigration officials. Dave Levinthal, senior editor at NOTUS, and Mario Parker, managing editor at Bloomberg, join to discuss.
Former Democratic Rep. Colin Allred of Texas announced Monday he's dropping out of the Lone Star State's Senate race, and is instead running for a newly drawn House seat. Allred joins "The Takeout" to explain his decision.
An Illinois Democratic congressman denies scheming to install his chief of staff as his successor. Mayra Macias, a lifelong Democrat who has jumped into the House race as an independent, joins "The Takeout" to discuss her campaign
The Treasury Department is now investigating a COVID-relief fraud scheme in Minnesota that the Biden Justice Department prosecuted for years. Republican Minnesota State Rep. Kristin Robbins, who is also running for governor, joins to discuss.
Luigi Mangione, the man accused of killing UnitedHealthcare CEO Brian Thompson in December 2024, returned to court Monday for a pretrial hearing. CBS News legal contributor Caroline Polisi joins with analysis.