U.S. layoffs drop nearly 40% in 2026 to 4-year low, new data shows
Hiring plans are up 3% so far this year, signaling the labor market remains resilient, experts say.
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Hiring plans are up 3% so far this year, signaling the labor market remains resilient, experts say.
Strong hiring last month was driven by gains in education and in leisure and hospitality, with the nation's jobless rate remaining steady at 4.1%.
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.
Senate navigating several matters ahead of summer recess; No U.S.-Iran deal yet on Strait of Hormuz.
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Launching a business can be thrilling, but it pays to plan ahead to maximize your chances of success. Here's what to consider (sponsored by AT&T).
Many Americans are signaling disapproval of the technology amid fears that it will eclipse already competitive entry-level jobs.
The Bureau of Labor Statistics on Friday reported a better-than-expected jobs report for April. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the numbers.
Hiring once again exceeded forecasts, with employers adding far more than the projected gains of 65,000.
Since 2021, the share of U.S.-based employees who have left their jobs to work in another country has more than doubled.
Hint: It involves AI, and a LinkedIn economist says employers are clamoring for people to fill these roles.
Hiring was much stronger than expected in March, with employers adding roughly three times the number of jobs economists predicted.
The labor market rebounded in March as U.S. employers added 178,000 jobs. Lori Bettinger, president of BancAlliance, joins CBS News to weigh in on the jobs report.
New jobs data from February shows an unexpected setback for the labor market. CBS News MoneyWatch correspondent Kelly O'Grady explains.
A weaker-than-expected February jobs report is raising new concerns about the economy. CBS News MoneyWatch correspondent Kelly O'Grady has the latest.
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.