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.
"What I saw in that room was one of the most troubling things I've seen in my time in public service," Democratic Rep. Jim Himes said.
Federal prosecutors on Thursday presented an indictment of New York Attorney General Letitia James to a grand jury in Norfolk, Virginia.
Texas approved a new congressional map this summer after Trump urged state GOP lawmakers to craft new House district lines to help Republicans hold onto their majority in the 2026 midterms.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
The Trump administration said it would reduce the period of time that work permits are valid for refugees, asylees and other immigrants granted legal protections in the U.S.
The current architect, with whom President Trump has some disagreements, will remain on the White House ballroom team, sources said.
ICE began enhanced operations in the Minneapolis-St. Paul area this week, as President Trump rails against Somali people in Minnesota.
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
At least 87 people have been killed since the vessel strikes began in early September.
Federal prosecutors on Thursday presented an indictment of New York Attorney General Letitia James to a grand jury in Norfolk, Virginia.
Texas approved a new congressional map this summer after Trump urged state GOP lawmakers to craft new House district lines to help Republicans hold onto their majority in the 2026 midterms.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Rents in the 50 largest cities have surged by hundreds of dollars per month over the last five years, a LendingTree analysis found.
Job cuts so far this year are at their highest levels since 2020, new report says.
President Trump suggested Americans won't have to pay personal income taxes "in the not-too-distant future" because of rising U.S. tariffs.
The Trump administration proposed rules that would weaken fuel economy standards for vehicles set under President Biden in 2024.
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.
A U.S. District Court decision to end the deployment of National Guard members to Washington, D.C., is now on hold.
Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
At least 87 people have been killed since the vessel strikes began in early September.
ICE began enhanced operations in the Minneapolis-St. Paul area this week, as President Trump rails against Somali people in Minnesota.
Federal prosecutors on Thursday presented an indictment of New York Attorney General Letitia James to a grand jury in Norfolk, Virginia.
A clinical study into weight loss drugs for pets just launched, with results from the trial expected by next summer.
The CDC's vaccine advisory panel meets Thursday and Friday to discuss recommendations for the hepatitis B vaccine and the schedule of childhood shots.
The former officials said the FDA's plans to revamp how certain life-saving vaccines are handled would "disadvantage the people the FDA exists to protect, including millions of Americans at high risk from serious infections."
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.
The holiday season can be a wonderful, but also stressful time – filled with unrealistic expectations. A recent poll found 41% of adults anticipate more holiday stress this year. Psychiatrist Dr. Sue Varma has tips to unwind during the holidays.
Investigations released by the Navy into accidents involving the Truman Carrier Strike Group recommended ensuring processes are followed even when faced with adversity.
At least 87 people have been killed since the vessel strikes began in early September.
The United Kingdom and Norway have signed a pact to create a naval alliance in the North Atlantic, aimed at protecting undersea cables and hunting Russian submarines.
The facility teaches both civilians and military personnel the skills to fly drones and hit targets.
"What I saw in that room was one of the most troubling things I've seen in my time in public service," Democratic Rep. Jim Himes said.
Lucy Liu talks about starring in and producing the movie "Rosemead," why she says the story resonates universally and reflecting on personal experiences for the film.
Steve Cropper co-wrote several classics, including "(Sittin' on) the Dock of the Bay," "Green Onions" and "In the Midnight Hour."
Grammy winning DJ and producer Kaytranada has become one of the most influential voices in dance and electronic music, and has collaborated with top artists. He spoke with "CBS Mornings" about his latest album, touring and his journey in music.
Actor and comedian Richie Moriarty talks with "CBS Mornings" about the fifth season of the comedy series "Ghosts," what's next for his character and how the cast has bonded.
For more than a century, the pages of Architectural Digest magazine have captured not only timeless designs but also the spirit of their subjects' homes. Their distillation of private spaces is featured in a new book, "AD at Home: Architectural Digest." Serena Altschul talks with editor Amy Astley about the magazine's treatments; and with actor Liev Schreiber and designer Marc Jacobs about what it means to open up one's living space to the magazine's photographers.
Leaders in the robotics industry say that to strengthen AI, companies also need a plan for robots. The White House appears to be listening. Yasmin Khorram, economic policy reporter for Politico, joins CBS News to discuss her article on the topic.
Google has released its list of the 2025 top search trends. Robert Ferrera, a Google Trends expert, joins CBS News with more.
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.
India's government, amid an uproar over privacy, has revoked an order quietly issued to smartphone makers to pre-install a state-run security app.
OpenAI has declared a "code red" as Google threatens to unseat the AI industry's early leader, according to the Wall Street Journal. Technology journalist Jacob Ward joins CBS News to discuss.
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.
Newly unsealed evidence sheds light on Luigi Mangione's arrest at a Pennsylvania McDonald's. CBS News legal reporter Katrina Kaufman has the details.
Luigi Mangione's pretrial hearing continued on Thursday, one year after UnitedHealthcare CEO Brian Thompson was killed. CBS News legal reporter Katrina Kaufman has more.
A suspect is in custody nearly five years after two pipe bombs were planted in Washington, D.C., the night before the Jan. 6 Capitol riot. Attorney General Pam Bondi said 30-year-old Brian Cole Jr. was arrested in Virginia on Thursday morning. CBS News' Anna Schecter has more.
Federal authorities on Thursday arrested a suspect in the case of two pipe bombs placed outside the Democratic and Republican National Committee headquarters the night before the Jan. 6th Capitol riot. CBS News senior White House reporter Jennifer Jacobs has the details.
Luigi Mangione's pretrial hearing continued Thursday in New York. CBS News' Anna Schecter has the details.
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.
A retrospective look at the actor, director, producer, and founder of the Sundance Institute.
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.
On the one-year mark of the fatal shooting of UnitedHealthcare CEO Brian Thompson on a New York City sidewalk, a hearing was held to determine what evidence is admissible in the trial of his accused killer, Luigi Mangione. Alice Gainer reports.
A northern Virginia man was arrested and accused of placing two pipe bombs outside the Democratic National Committee and Republican National Committee headquarters on the eve of the Capitol riot on Jan. 6, 2021. Scott MacFarlane has details.
An early season Arctic blast sent shivers through the Midwest and Northeast as temperatures tumbled far below normal. Lana Zak reports and Lonnie Quinn has the forecast.
For most of his life, Ed Bambas worked toward his American dream. But in 2019, at 82, he found himself doing what most retirees never imagine: going back to work. That was, until a stranger approached him with a question. Tom Hanson has the story.
President Trump and first lady Melania Trump lit the national Christmas tree on Thursday. Melania's White House Christmas theme this year is "Home Is Where the Heart Is." White House expert Jennifer Pickens joins CBS News to discuss.