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.
The president joins fellow members of his "Board of Peace," signing its founding charter and pledging that the vaguely defined group will work with the U.N. to end suffering.
Heavy snow, thick ice and brutal cold are expected to make the winter storm a potentially life-threatening weather event for nearly 30 states.
Former special counsel Jack Smith, who oversaw two investigations into President Trump, will testify publicly for the first time before the House Judiciary Committee.
ICE authorized its officers to enter homes without judicial warrants in the cases of people with deportation orders, a sweeping reversal of longstanding rules, according to a whistleblower complaint.
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
President Trump could start flying in a plane donated by Qatar as early as this summer, as the U.S. Air Force confirms it will deliver the refurbished jumbo jet for use as Air Force One within months.
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
A Texas jury acquitted a former Uvalde school police officer who was on trial for allegedly failing to act during the massacre at Robb Elementary School in 2022 that left 19 students and two teachers dead.
The nominees for the 98th annual Academy Awards are being announced Thursday morning, with "One Battle After Another," "Sinners," "Marty Supreme," "Frankenstein" and "Hamnet" each expected to potentially earn double-digit Oscar nominations.
Former special counsel Jack Smith, who oversaw two investigations into President Trump, will testify publicly for the first time before the House Judiciary Committee.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
The nominees for the 98th annual Academy Awards are being announced Thursday morning, with "One Battle After Another," "Sinners," "Marty Supreme," "Frankenstein" and "Hamnet" each expected to potentially earn double-digit Oscar nominations.
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Commerce Secretary Howard Lutnick predicts that first-quarter economic growth will heat up to 5%. But sustaining that pace won't be easy, economists say.
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
Nearly one-third of U.S. household wealth was held by the top 1% in the third quarter of 2025.
President Trump said his plans for boosting home affordability are already helping, but stopped short of providing details.
Budget airline Ryanair launches "big idiot" fare promotion after CEO Michael O'Leary and Elon Musk trade insults.
Former special counsel Jack Smith, who oversaw two investigations into President Trump, will testify publicly for the first time before the House Judiciary Committee.
Trump joins fellow members of his "Board of Peace," signing its founding charter and pledging that the vaguely defined group will work with the U.N. to end suffering.
President Trump could start flying in a plane donated by Qatar as early as this summer, as the U.S. Air Force confirms it will deliver the refurbished jumbo jet for use as Air Force One within months.
Geraldo Lunas Campos died following an altercation with guards at Camp East Montana, a tent facility on the grounds of Fort Bliss.
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
After a year of ongoing measles outbreaks that have sickened more than 2,400 people, the United States is poised to lose its status as a measles-free country.
An infectious disease physician and former CDC official said he does not "have faith" that the U.S. is "handling measles very well."
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.
Trump joins fellow members of his "Board of Peace," signing its founding charter and pledging that the vaguely defined group will work with the U.N. to end suffering.
President Trump has exaggerated threats to Greenland from Russia and China and downplayed the country's current defenses, according to local officials and experts on the Arctic.
An Israeli airstrike killed three journalists in Gaza on Wednesday, the territory's civil defense agency said. One of those killed, Abed Shaat, had worked for years as a cameraman for CBS News and other outlets.
President Trump said his plans for boosting home affordability are already helping, but stopped short of providing details.
President Trump said he will not be imposing tariffs against European countries over their objections to his efforts to acquire Greenland.
The celebrated Sundance Film Festival, opening Thursday in Park City, Utah, includes films starring Natalie Portman, Olivia Wilde, Seth Rogen and Charli XCX, plus a wide range of documentaries.
The nominees for the 98th annual Academy Awards are being announced Thursday morning, with "One Battle After Another," "Sinners," "Marty Supreme," "Frankenstein" and "Hamnet" each expected to potentially earn double-digit Oscar nominations.
The FCC is warning that daytime talk shows and late-night programs must give equal time to opposing political candidates, taking aim at a genre of TV that has long drawn President Trump's ire.
Prince Harry struck a combative tone as he testified in his lawsuit against the Daily Mail's publisher.
An Albuquerque judge denied the state's request to detain actor Timothy Busfield while he awaits trial. Busfield, who has denied the allegations, is accused of inappropriately touching two young boys while directing the TV series, "The Cleaning Lady."
Tech leaders have taken the stage this week at the World Economic Forum in Davos, Switzerland, to discuss how AI will impact jobs. Bloomberg News reporter Sarah Frier joins CBS News with more.
On average, young people between the ages of 8 and 18 spend about 7.5 hours a day on their screens, not including school work. A growing nonprofit is trying to change that alarming trend. The Balance Project focuses on delaying the use of smartphones for kids and encouraging more time with friends and independent play outside. Meg Oliver shows how.
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.
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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.
"Sunday Morning" looks back at historical events on this date.
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.
Joseph Bongiovanni was accused of authoring bogus DEA reports, stealing sensitive files, throwing off colleagues and outing confidential informants.
The 2025 national homicide rate might be the lowest recorded in the U.S. since 1900.
A financial adviser in Georgia, Todd Burkhalter, has pleaded guilty in a Ponzi scheme that bilked more than 2,000 people out of $380 million, federal authorities say.
A Texas jury began deliberations on Wednesday in the trial of the former police officer who is charged over his response to the 2022 Uvalde school shooting. CBS News correspondent Omar Villafranca reports.
A Chicago man accused of murdering his ex-wife and her husband arrived in Ohio on Wednesday to face charges. CBS News correspondent Nicole Valdes has the latest on the investigation.
Virgin Galactic is sending its first all-female crew to space. Kellie Gerardi, who is leading the crew, joins "CBS News 24/7 Mornings" to discuss the goals of the mission.
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.
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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.
ALL NEW: A daughter whose mother was murdered is convinced her father is innocent."48 Hours" correspondent Natalie Morales reports Saturday, Jan. 24 at 10/9c on CBS and streaming on Paramount+.
With many kindergarteners celebrating the 100th day of school by bringing 100 things to class, one little girl in Georgia brought just one very special thing -- her 100-year-old great-grandfather. Tony Dokoupil has the story.
Prince Harry testified for hours in a London courtroom as part of his yearslong battle with British tabloids. Elizabeth Palmer has more.
An Israeli airstrike killed three journalists in Gaza, the territory's civil defense agency said. One of those killed, Abed Shaat, had worked for years as a cameraman for CBS News and other outlets.
Embattled Federal Reserve Board Governor Lisa Cook's fight to stay on the job got a boost as Supreme Court justices appeared skeptical of President Trump's efforts to fire her. Jan Crawford has the latest.