Labor market resilient despite inflation concerns
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.
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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.
According to the Labor Department, job growth slowed across the U.S. in April but remained healthy. While the number of jobless claims remains historically low, a Business Insider report is warning of a possible white-collar recession. Aki Ito, chief correspondent at Business Insider, joins CBS News to explain.
The annual inflation rate hit 3.5% in March, the highest since September. Martin Baccardax, senior editor and chief markets correspondent at "TheStreet," joins CBS News to examine what's behind the increase and what it means for interest rate cuts.
A new study by the Brookings Institution examines the role immigration has played in allowing the U.S. job market to grow faster without stoking inflation. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joins CBS News to explain how migrants contribute to job growth and U.S. demand.
The U.S. added 275,000 jobs in February, exceeding economists' expectations. Meanwhile, the unemployment rate jumped to its highest level in over two years. Javier David, managing editor for business and markets at Axios, joins CBS News to examine the numbers.
In his 2024 State of the Union address, President Biden ran through his legislative achievements during his first term in office. He highlighted a $1.2 trillion infrastructure package to revitalize the nation's roads, bridges, waterways and public transit, and legislation that aims to boost domestic production of semiconductor chips.
The nation's unemployment rate is low, but some big companies are laying off workers and requiring people to return to the office. Guy Berger, director of economic research at the Burning Glass Institute, joins CBS News to assess the state of the labor market.
Job growth slowed more than expected in October. The Labor Department reports employers added 150,000 jobs to the U.S. Economy. CBS News business and tech correspondent Jo Ling Kent reports on the latest figures.
The latest decision by the Federal Reserve to hold off on increasing interest rates any further may signal that the U.S. economy is moving in the right direction. CBS News business analyst Jill Schlesinger and J.D. Durkin, a host for the financial news site "TheStreet," join CBS News to discuss the decision.
The September jobs report showed that the U.S. economy created 336,000 jobs last month -- a sign that the job market remained strong despite challenges with inflation. Jeanna Smialek, a Federal Reserve and U.S. economy reporter at The New York Times, has more.
While jobless claims are at an eight-month low, unemployment rates vary across the U.S. Since last year, the unemployment rate in 18 states has fallen by half a percentage point or more. But three states, plus Washington, D.C., have seen claims rise. Al Root, senior writer for Barron's, joined CBS News to discuss the job market.
The latest data from the Labor Department shows 237,000 Americans filed for first-time unemployment benefits last week. That's down 12,000 from the previous week. Jordyn Holman, a business reporter with The New York Times, joined CBS News to talk about the new numbers.
An extreme summer heat wave has blanketed most of the U.S. this week. Excessive heat is currently estimated to cost the U.S. economy $100 billion annually. TheStreet host J.D. Durkin and Axios economics reporter Courtenay Brown join CBS News to break down the economic impact of climate change.
"It's Basic," a documentary that focuses on universal basic income pilot programs in U.S. cities, premiered at Tribeca Film Festival this week. Director Marc Levin and executive producer Michael Tubbs join CBS News to explain the policy and discuss the film.
The Labor Department released data Wednesday that shows there are almost two job openings for every person who has quit or been laid off. Martin Baccardax, senior editor and chief markets correspondent for TheStreet, joins CBS News to break down the latest job numbers.
Inflation is down to 4.9% - its first time below 5% since 2021. John Leer, chief economist at Morning Consult, joins to discuss how the Federal Reserve could respond.
Economic data released Thursday shows that U.S. wholesale price increases decelerated in April and unemployment claims increased in the week ending May 6. Meanwhile, Treasury Secretary Janet Yellen warns that if the U.S. defaults on its debt, it could threaten the global economy. Jeanna Smialek, a Federal Reserve and economy reporter at the New York Times, joins CBS News to discuss.
The Labor Department's latest report shows employers added 253,000 jobs in April. Daniel Altman, chief economist at Instawork, breaks down the findings.
The April jobs report shows unexpected growth in the labor market. CBS News' Errol Barnett and Elaine Quijano are joined by Nela Richardson, chief economist at ADP Research Institute, with her insights on the latest numbers.
Stocks closed down slightly on Thursday as investors reacted to mixed earnings reports and new weekly jobless claims numbers. CenterSquare Investment Management senior strategist Uma Moriarity joined CBS news to discuss what the developments mean for investors.
The latest jobless claims report reveals first-time filings fell by 18,000 to 228,000 for the week ending April 1. CBS News' Errol Barnett and Lana Zak are joined by Axios economics reporter Courtenay Brown with more on the findings.
The Federal Reserve hinted it could soon ease up on its aggressive policy on interest rates. Editor-in-chief at The Balance Kristin Myers joins CBS News' Errol Barnett and Nancy Chen for more on what this could mean moving forward.
Number of Americans applying for unemployment benefits rose to a 3-month high amid rise in layoffs.
As the unemployment rate rose slightly to 3.7% last month, hiring across the nation continued to remained robust. Jacob Sonenshine, a markets reporter at Barron's, joined Weijia Jiang on CBS News to discuss what the recent jobs report means for the Federal Reserve's monetary tightening.
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
About 1,500 active-duty soldiers are on standby in Alaska for possible deployment to Minneapolis, a U.S. defense official told CBS News Saturday.
Prime Minister Benjamin Netanyahu's office said in a statement that the Gaza executive committee was "not coordinated with Israel and is contrary to its policy."
The country's leader criticized President Trump on Saturday, blaming him for "casualties, damages and accusations" against Iran.
U.S. Central Command, which oversees U.S. military operations in the Middle East, conducted the strike on Jan. 16, killing Bilal Hasan al-Jasim, authorities said.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
Los Angeles County District Attorney Nathan Hochman says that federal agents wrongfully detained a member of his office on Friday.
John Harbaugh, the 63-year-old former head coach of the Baltimore Ravens, agreed to a 5-year contract to coach Big Blue.
Bruno Rocuba claims a freak accident while handling his gun caused the death of his wife, Melissa Rocuba. He was not arrested or charged with any crime. Years later, investigators uncover disturbing new evidence that challenges what really happened that night in their Pennsylvania bedroom.
Bruno Rocuba claims a freak accident while handling his gun caused the death of his wife, Melissa Rocuba. He was not arrested or charged with any crime. Years later, investigators uncover disturbing new evidence that challenges what really happened that night in their Pennsylvania bedroom.
Matthew Edgar, who claimed to have no memory of how his ex-girlfriend was killed, was convicted of Livye Lewis' murder while on the run from authorities in Texas.
Since October, WestJet had added an extra row of seats to nearly two dozen aircraft.
U.S. Central Command, which oversees U.S. military operations in the Middle East, conducted the strike on Jan. 16, killing Bilal Hasan al-Jasim, authorities said.
The FBI plans to extradite Alejandro Rosales Castillo, 27, who was wanted for the killing of a co-worker in 2016.
As the president prepares to replace Federal Reserve Chair Jerome Powell, he's made no secret of his goal for lower interest rates — but there are a few political roadblocks in the way.
The Trump administration is delaying its plans to withhold pay from student loan borrowers who default on their payments, backing off a measure that threatened to deliver a financial blow to millions of Americans.
The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
As obesity rates among Americans drop and weight loss drugs lead to a slimmer society, airlines could save on fuel costs, according to a recent analysis.
Los Angeles County District Attorney Nathan Hochman says that federal agents wrongfully detained a member of his office on Friday.
Gov. Abigail Spanberger will be referred to with traditional formality: "Madam Governor" or, as some officials phrase it, "her excellency."
Mr. Trump previously threatened to impose tariffs against countries that do not support his plans to acquire the territory.
A bipartisan U.S. Congressional delegation's comments in Denmark contrasted with those emanating from the White House.
The country's leader criticized President Trump on Saturday, blaming him for "casualties, damages and accusations" against Iran.
A review of studies published in The Lancet found no link between acetaminophen use during pregnancy and autism, contradicting the Trump administration's recent claims.
Lacy Cornelius Boyd needed IV nutrition and an ileostomy bag after a devastating car crash. A rare transplant was her only option.
A new analysis of dozens of peer-reviewed medical studies found no link between the use of Tylenol during pregnancy and diagnoses of autism, ADHD or intellectual disabilities in children.
"It's as definitive as we're going to get," CBS News medical contributor Dr. Céline Gounder said of the new research, which found no connection between Tylenol and autism or ADHD.
Some Americans are dropping their Affordable Care Act health plans after tax subsidies lapsed and their premiums spiked.
U.S. Central Command, which oversees U.S. military operations in the Middle East, conducted the strike on Jan. 16, killing Bilal Hasan al-Jasim, authorities said.
Elite mountaineer Jim Morrison, fueled by a promise he made to his deceased partner, ascended and then skied down Mount Everest's treacherous North Face.
The Olympic Winter Games in Milan are scheduled to open on February 6, 2026.
Prime Minister Benjamin Netanyahu's office said in a statement that the Gaza executive committee was "not coordinated with Israel and is contrary to its policy."
The FBI plans to extradite Alejandro Rosales Castillo, 27, who was wanted for the killing of a co-worker in 2016.
Whitney formed in Chicago more than a decade ago, gaining popularity for their blend of classic indie and '70s soft rock. Their latest album, "Small Talk," draws on that throwback sound with a modern twist. Here's Whitney performing "Dandelions."
Whitney formed in Chicago more than a decade ago, gaining popularity for their blend of classic indie and '70s soft rock. Their latest album, "Small Talk," draws on that throwback sound with a modern twist. Here's Whitney performing "Won't You Speak Your Mind."
Whitney formed in Chicago more than a decade ago, gaining popularity for their blend of classic indie and '70s soft rock. Their latest album, "Small Talk," draws on that throwback sound with a modern twist. Here's Whitney performing "Back to the Wind."
Federer played exhibition doubles matches with past champions Andre Agassi and Ash Barty.
In an exclusive interview with "CBS Mornings," Alicia Keys reflects on "Hell's Kitchen's" Broadway run ending after nearly two years of sold-out performances. The musical is inspired by Keys' own experiences and will continue its national tour. She speaks about the decision for it to leave Broadway and how she has found a healthy relationship with success.
A new investigative report by 404 Media says ICE agents have a new high-tech way to zero in on neighborhoods to raid. The report says it's an app called Elite, powered by Palantir. Joseph Cox, an investigative journalist at 404 Media, discusses his reporting on CBS News.
The ads will appear at the bottom of the chat window on the free and low-subscription versions of ChatGPT, OpenAI said Friday in a blog post.
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.
Elon Musk is facing a lawsuit from Ashley St. Clair, with whom he shares a child, over deepfakes of her undressed made by his AI chatbot Grok. CBS News legal contributor Jessica Levinson joins with analysis.
Verizon says it's giving a $20 credit to customers affected an outage that disrupted service across the U.S.
The Dinosaur National Monument, which is located on the border between Colorado and Utah, was last excavated in 1924.
Have you ever wondered if your dog is eavesdropping on you? A new study published in the Journal of Science found that some dogs are not only listening, but are also learning words. Lead scientist Dr. Shany Dror joins CBS News to discuss.
Fossilized bones and teeth dating to 773,000 years ago are providing a deeper understanding of the emergence of Homo sapiens.
If you rang in the new year with a kiss, you took part in a tradition millions of years in the making. Scientists now say the origins of kissing go back much farther than most think. CBS News' Tina Kraus has more.
2025 was the third hottest year on record and pushed Earth past a critical climate change mark, scientists say.
Bruno Rocuba claims a freak accident while handling his gun caused the death of his wife, Melissa Rocuba. He was not arrested or charged with any crime. Years later, investigators uncover disturbing new evidence that challenges what really happened that night in their Pennsylvania bedroom.
Matthew Edgar, who claimed to have no memory of how his ex-girlfriend was killed, was convicted of Livye Lewis' murder while on the run from authorities in Texas.
This past July, police in California raided the home of Guojun Xuan and Silvia Zhang over allegations of possible child abuse. The couple's 21 children, mostly surrogate-born, were taken into state custody as an investigation began. In the months since their arrest and release, the couple has had at least five more surrogate-born babies. The couple is now fighting for custody of all of their children and is suing some of their surrogates in the process. CBS News legal reporter Katrina Kaufman has more.
Lawyers for the man accused of killing Turning Point USA founder Charlie Kirk are trying to disqualify one of the prosecutors on the case. CBS News reporter Andres Gutierrez has more.
U.S. Immigration and Customs Enforcement is holding about 73,000 people facing deportation, a new record high, according to data. CBS News' Camilo Montoya-Galvez reports.
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
Four Artemis II astronauts plan to fly around the moon and back next month, traveling farther from Earth than any humans before them.
NASA is beginning its rollout of its Space Launch System rocket and Orion spacecraft as preparations for the Artemis II mission enter their final stage.
Depending on the timing, NASA could launch a fresh crew to the space station while four other astronauts are flying around the moon.
NASA says it could be just weeks away from launching astronauts on a flight around the moon for the first time in more than half a century. Final preparations are underway at Kennedy Space Center in Florida, where the Artemis II moon rocket is expected to roll out to the launch pad on Saturday.
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.
A woman dies after an "accidental" shooting in her bedroom. Eight years later, surveillance video upends the case. "48 Hours" correspondent Anne-Marie Green reports.
For many, a trip to the dentist can be nerve-wracking. This California doctor found a solution with four legs and a tail. Itay Hod has the story.
WestJet reversed its plan to add extra seats to its planes after the idea didn't fly with many passengers. Ali Bauman has the story.
Inch by inch, NASA's Artemis II moon rocket lumbered along its four-mile commute from the Vehicle Assembly Building to launch pad 39-B. Mark Strassmann is at the Kennedy Space Center in Florida with more.
Iran's supreme leader blamed the U.S. for the protests against his regime that resulted in a violent crackdown. Willie James Inman has President Trump's response.