Jobless claims at 8-month high as layoffs edge higher
Although the labor market is slowing, businesses around the U.S. still have millions of job openings. .
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Although the labor market is slowing, businesses around the U.S. still have millions of job openings. .
A new report released by the U.S. Labor Department shows initial jobless claims rose for the week ending April 9. A separate report from the Commerce Department reveals that retail sales increased in March despite inflation. CBS News' Tanya Rivero discusses this and more with Lori Bettinger, the president of BancAlliance.
The latest report from the U.S. Labor Department shows initial jobless claims fell to 229,000 for the week ending in June 18, 2,000 fewer than the previous week. CBS News Moneywatch Reporter Irina Ivanova explains what that indicates about the state of the economy.
American jobless claims fell by to 214,000 as the Federal Reserve raises interest rates. Ted Rossman from Bankrate.com joins CBS News to discuss these economic shifts.
Gas prices are soaring to record highs as inflation hits its highest level in 40 years. The Consumer Price Index jumped 0.8% in February, marking a 7.9% increase over the past year. CBS News transportation correspondent Errol Barnett has more on the rising gas prices, and then Lori Bettinger, the president of BancAlliance and former director of the Troubled Asset Relief Program during the Obama administration, joins CBS News to discuss the impact on American families.
Uncertainty over the Russia-Ukraine conflict has been the main driver for major stock indexes, which all saw loses Thursday. Lori Bettinger, president of BancAlliance, joins CBS News at the closing bell of the New York Stock Exchange to discuss the economic ramifications.
The Department of Labor's weekly unemployment report shows there were 251,000 first time applications filed in the week ending July 16. Senior economic analyst and Washington bureau chief at Bankrate.com, Mark Hamrick, joined CBS News' Anne-Marie Green and Vladimir Duthiers with more on what this means for our economy.
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
CBS News business analyst Jill Schlesinger joined Anne-Marie Green and Vladimir Duthiers to discuss the ongoing recession fears amid a strong job market and offered tips on how to save money despite economic uncertainty.
U.S. employers added 372,000 jobs, the Labor Department reported Friday, greatly surpassing what economists had expected. Akin Oyedele, investing deputy editor for Business Insider, joins Catherine Herridge to discuss what these numbers could mean.
While layoffs remain low, they've risen for five consecutive weeks to reach 235,000 in the week that ended.
According to the U.S. Department of Labor, initial jobless claims fell to 229,000 for the week ending June 18th. That's 2,000 fewer than the previous week. CBS News reporter Sarah Ewall-Wice joined Errol Barnett and Anne-Marie Green to discuss what these numbers mean for the U.S. economy and yesterday's congressional testimony on inflation from Federal Reserve Chair Jerome Powell.
President Biden is facing concerns over jobs, the economy and inflation as well as the leak of a Supreme Court draft opinion indicating Roe v. Wade may soon be overturned. CBS News senior White House and political correspondent Ed O'Keefe joins Vladimir Duthiers and Anne-Marie Green with the latest.
Brooklyn subway shooting suspect held without bail; Jobless claims rise after hitting 54-year low
While jobless claims are at their lowest point in more than 50 years, Americans are still feeling the pinch of rising prices. CBS News political reporter Caitlin Huey-Burns joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss how voters' views on inflation could sink Democrats in the upcoming midterm elections.
The Consumer Price Index climbed 0.6% in January, meaning the average cost of goods is up 7.5% since the same time last year. Meantime, first-time jobless claims fell for a third straight week. CBS News senior White House and political correspondent Ed O'Keefe has more on how the Biden administration is handling the latest economic news.
Mike Pyle, chief economic adviser to Vice President Kamala Harris, joined CBS News' Vladimir Duthiers and Anne-Marie Green to discuss the country's economic growth, inflation and supply chain issues.
The job market remains tight as the U.S. economy expands at its fastest pace since 1984.
First-time unemployment claims took an unexpectedly large jump last week. The U.S. Labor Department reports 286,000 people filed new claims the week ending January 15th. Diane Swonk, chief economist at Grant Thornton, joins CBSN to discuss the latest.
Claims jumped to 230,000, in line with pre-pandemic levels despite the Omicron surge.
Employers are hesitant to cut workers amid a tight labor market that offers workers more career choices.
New jobless claims for the week ending December 25 were close to the lowest in half a century. Heather Long, an economic columnist for The Washington Post, joins CBSN to discuss the latest on unemployment and the economy.
Ranks of newly unemployed are at lowest level since 1969 as employers keep hold of workers amid a tight labor market.
There are signs the job market is tightening as new jobless claims remain low. 205,000 Americans filed for first-time unemployment benefits last week. CBS MoneyWatch reporter Irina Ivanova joins CBSN with more.
The number of workers filing for jobless aid each week is at its lowest level in 50 years.
Iran's Masoud Pezeshkian says he has visited Iran's supreme leader twice and talked with CBS News' Margaret Brennan about Mojtaba Khamenei's health.
Some units would "possibly [be] needed in 90-120 days," according to an internal Army message reviewed by CBS News.
Twenty-five years ago, a Soviet-designed helicopter crossed the mountains of Afghanistan with the first CIA officers sent into the country after 9/11, the opening move in what would later become America's longest war.
The disclosure comes at a time of heightened concern over AI agents acting outside of human control.
The mayor of Athens said the explosion was likely caused by a gas leak.
Iran's president said Tehran wanted a deal with the U.S. before November's midterm elections, contrary to President Trump's claims.
President Trump moved to cancel almost $1 billion in spending that was approved by Congress, marking the second time his administration has employed a rarely used tactic that some lawmakers in both parties have called illegal.
A hurricane watch is in effect for Hawaii County due to the storm, which could dump up to 3 feet of rain on Hawaii's Big Island.
Tens of millions of people are in the path of the storm, which has canceled flights, concerts and sporting events.
The disclosure comes at a time of heightened concern over AI agents acting outside of human control.
Alabama sued the social media company in 2025, claiming the platform had negative effects on the mental well-being of youths.
Drs. Travan and Travis Jasper, identical twins, are co-directors of the emergency department at Chippenham Hospital in Richmond, Virginia, the city where they grew up in poverty.
Tens of millions of people are in the path of the storm, which has canceled flights, concerts and sporting events.
The Supreme Court said in an unsigned decision that ordering Missouri to restore its 2025 map "would usher in electoral chaos."
Alabama sued the social media company in 2025, claiming the platform had negative effects on the mental well-being of youths.
Chipotle, McDonald's and Shake Shack are among the restaurant chains revamping their menus as more consumers go on weight-loss drugs.
Meta, Microsoft and other major tech companies are developing a range of AI products for consumers, from wearables to speakers.
The two-week trial in New Mexico centered on accusations Facebook deceived users about a data breach.
The surge in diesel prices this year is putting a financial squeeze on schools, farms and small businesses around the U.S.
Twenty-five years ago, a Soviet-designed helicopter crossed the mountains of Afghanistan with the first CIA officers sent into the country after 9/11, the opening move in what would later become America's longest war.
President Trump moved to cancel almost $1 billion in spending that was approved by Congress, marking the second time his administration has employed a rarely used tactic that some lawmakers in both parties have called illegal.
The following is the transcript of the interview with Iranian President Masoud Pezeshkian airing on "Face the Nation with Margaret Brennan" on Sept. 27, 2026.
Iran's Masoud Pezeshkian, who is also a physician, says he has visited Iran's supreme leader twice and talked with CBS News' Margaret Brennan about Mojtaba Khamenei's health.
The Supreme Court said in an unsigned decision that ordering Missouri to restore its 2025 map "would usher in electoral chaos."
Minutes into a run, Caroline McCaffrey was struck with a massive headache. The resulting medical journey would reveal a family risk for a dangerous condition.
The FDA has warned a major compounding pharmacy that it violated federal law by making copies of blockbuster weight-loss drugs in "inordinate amounts."
In the latest episode of "Healthful," Dr. Jocelyn Wittstein, an orthopedic surgeon at Duke University School of Medicine, discusses what women should know about protecting their bones.
New research highlights common themes shared by people who found reasons to keep living through dark times.
Illinois Gov. JB Pritzker revealed to "CBS Mornings" that for the last two years he has been using a GLP-1 medication to lose weight.
Twenty-five years ago, a Soviet-designed helicopter crossed the mountains of Afghanistan with the first CIA officers sent into the country after 9/11, the opening move in what would later become America's longest war.
The mayor of Athens said the explosion was likely caused by a gas leak.
The following is the transcript of the interview with Iranian President Masoud Pezeshkian airing on "Face the Nation with Margaret Brennan" on Sept. 27, 2026.
Iran's Masoud Pezeshkian, who is also a physician, says he has visited Iran's supreme leader twice and talked with CBS News' Margaret Brennan about Mojtaba Khamenei's health.
Dr. Feroze Sidhwa was working at Nasser Hospital in Khan Younis when an Israeli strike hit the surgical unit he was in.
Comedian Stavros Halkias speaks with Nate Burleson about his latest standup special, his hit show "Tires," his role in the Anthony Bourdain biopic, "Tony," and more.
The 2026 MTV Video Music Awards will be held this weekend with Snoop Dogg carrying out hosting duties. "Entertainment Tonight" correspondent Denny Directo joins CBS News for a preview.
Challenging documentaries and award-winning features are among the offerings of New York City's leading cinema event, starring such luminaries as Pedro Pascal, Adam Driver, Scarlett Johansson, Julianne Moore and Godzilla.
In his memoir, the actor writes of his early struggles, leading to writing his screenplay for the Oscar-winning hit "Rocky."
Jamaican musician Ziggy Marley shares memories of his father, Bob Marley, and discusses his new children's book, "True to Myself."
Alabama sued the social media company in 2025, claiming the platform had negative effects on the mental well-being of youths.
The growing concerns over the safety of artificial intelligence and the speed of its development have many calling for government regulation. Recently, President Trump said he plans to appoint an adviser and create an AI force. J.B. Branch, director of federal AI governance and technology policy at Public Citizen, joins CBS News to discuss.
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.
Chinese President Xi Jinping's state visit to the U.S. wrapped up on Friday, with no deal announced on artificial intelligence, though he is set to meet with President Trump twice more before the end of the year. Weijia Jiang has more.
News broke this week that a rogue artificial intelligence agent hacked Australia's health care database, and no notice was given for months. Matt Calkins, CEO and co-founder of Appian, which develops software to maximize AI integration, joins to unpack the week's AI headlines.
Neuroscientists at Stanford University successfully grew human brain tissue inside mice in the hopes of further enabling the development of treatments for brain disorders. Stanford Medicine professor of psychiatry and behavioral sciences Dr. Sergiu Pasca, who led the study, joins CBS News to break down the findings.
Scientists have discovered a new species of wild cat for the first time in more than a century, a Bolivian researcher says.
The footage shows a female humpback whale staying close to the dead calf as it lies motionless on the seafloor, touching it with its head and fin.
Archaeologists say they've discovered the remains of a likely ancient Egyptian warhorse given an honorific burial more than 3,000 years ago.
Artificial intelligence technology is developing at an "exponential" rate, Anthropic CEO Dario Amodei told CBS News, calling the situation a "warning sign" for the industry that requires serious safeguards.
Authorities haven't disclosed the exact cause of Fortune's death, but they did rule it a homicide and have arrested two men.
Former "American Idol" contestant and music pastor Caleb Flynn stands accused of murdering his wife. His former mistress, Alleigha Botner, testified in the trial. CBS News' Ian Lee has more details.
A Minnesota native who had been serving aboard the USS Abraham Lincoln for nearly 10 months came home to an upsetting surprise.
Dr. Idris Evans, the Pittsburgh doctor killed in a violent home invasion, is being remembered for his kindness and compassion.
Former "American Idol" contestant Caleb Flynn is on trial for allegedly killing his wife and staging an elaborate crime scene. Flynn's former mistress testified at the trial. Ian Lee has the latest details.
Scientists have discovered a crater on the moon that's bigger than the Roman Colosseum, the result of a powerful impact two years ago.
NASA's Roman Space Telescope launched shortly after daybreak from Kennedy Space Center and blazed toward an observation point 1 million miles away.
The $4.3 billion telescope is expected to discover tens of thousands of exoplanets while probing the nature of mysterious dark matter and energy.
President Trump plans to award the Congressional Space Medal of Honor to the crew of NASA's Artemis II mission in a ceremony Aug. 28.
The mission to save NASA's sinking space telescope has been called off, dooming the telescope to a fiery reentry later this year.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dolly Parton, the country music legend who became a feminist icon, has died at the age of 80. Here is a look back at her life in pictures.
Sylvie Cachay was found dead in an overflowing bathtub at the exclusive Soho House in New York City on Dec. 9, 2010. A water leak at the hotel gave away a timeline that may have revealed her killer.
Summer is the time to enjoy live music, indoors and out. Scroll through our gallery of some of 2026's leading musical acts, featuring images by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
Patrick Clancy wrestles with grief and shares memories of his children in his first interview since his ex-wife Lindsay Clancy's murder trial ended without a verdict.
The Smithsonian's National Museum of African American History and Culture is marking a major milestone this week - celebrating its 10-year anniversary. Photojournalist Parrish Smith looks back at when the doors opened, takes us inside to see some current exhibitions, and makes a stop at the museum's Sweet Home Cafe.
Saturday marks exactly 25 years since the first CIA officers entered Afghanistan in the aftermath of 9/11. Olivia Gazis got a rare look inside the mission to shore up the Northern Alliance as America prepared to go to war.
Comedian Stavros Halkias speaks with Nate Burleson about his latest standup special, his hit show "Tires," his role in the Anthony Bourdain biopic, "Tony," and more.
Over 60 million in danger from Nor'easter; Hawaiians shelter ahead of Hurricane Nolo.