Jobless claims drop seventh straight week to new pandemic low
About 268,000 people filed for unemployment benefits last week, while 2.1 million Americans remain on jobless aid.
Watch CBS News
About 268,000 people filed for unemployment benefits last week, while 2.1 million Americans remain on jobless aid.
U.S. inflation soared in October. The Consumer Price Index climbed 0.9% last month, marking a 6.2% increase in prices since the same time last year. Diane Swonk, chief economist at Grant Thornton, joins CBSN to discuss what this increase and the drop in first-time unemployment claims mean for the state of the economic recovery.
Jobless claims continue to edge lower, with 267,000 people applying for benefits last week.
First-time jobless claims have fallen to a new pandemic-era low for the fifth straight week, as 269,000 Americans filed for the week ending October 30. Lori Bettinger, co-president of BancAlliance and the former director of the Troubled Asset Relief Program under the Obama administration, joined CBSN to discuss the latest jobs numbers.
Roughly 269,000 Americans sought unemployment benefits last week, a sign the job market continues to heal.
The number of Americans filing for first-time unemployment benefits fell to another pandemic-era low. For the week ending October 16, 290,000 people filed new jobless claims. Mark Hamrick, a senior economic analyst for Bankrate, joins CBSN to discuss.
For the first time in more than 20 weeks, new claims for unemployment benefits dipped slightly below 1 million. But one sector continues to suffer historic losses: leisure and hospitality. Mireya Villarreal reports.
About 30 million Americans are now relying on unemployment checks as Congress is working to pass a new stimulus package before extended unemployment benefits end this month. This comes as unemployment claims continue to rise. Nancy Cordes reports.
President Joe Biden is expected to sign a bill raising the debt limit through December 3, temporarily avoiding a financial catastrophe. CBS News chief White House correspondent Nancy Cordes joined CBSN to discuss the latest on the debt ceiling as well as the decrease in initial jobless claims and nationwide concern over inflation and supply chain issues.
Some 326,000 workers filed first-time unemployment claims last week as Delta-fueled layoffs declined.
Number of Americans applying for unemployment aid remains about 60% higher than before the pandemic.
Some 332,000 U.S. workers applied for unemployment last week as the Delta variant and hurricanes weighed on labor market.
Some 310,000 people applied for first-time jobless aid last week, the lowest number since the pandemic began.
At least 7.5 million Americans are estimated to lose federal unemployment benefits as emergency programs expire. CBS News reporter Sarah Ewall-Wice, who covers economic policy, joins CBSN to discuss.
Federal unemployment benefits will end September 6, leaving more than 7.5 million Americans without the aid. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" host Elaine Quijano to discuss what this means for the economy and the millions of people still out of work.
Yet while layoffs are easing, economists say the latest COVID-19 surge is weighing on job growth.
The Department of Labor reported that U.S. jobless claims dropped for the third week in a row. It signals the American economy is strengthening but economists are still concerned about the impact from the rising COVID-19 cases. Axios markets reporter Courtenay Brown joins CBSN's "Red & Blue" to discuss.
About 4.2 million gig workers receiving Pandemic Unemployment Assistance will lose their benefits after September 6, according to analysis from the Century Foundation. Gig workers are typically considered self-employed and don't usually qualify for traditional unemployment aid. CBS MoneyWatch reporter Aimee Picchi joined CBSN's Elaine Quijano to discuss.
The number of Americans filing for unemployment benefits fell last week. New jobless claims dropped to 385,000, down 14,000 from the previous week. Lori Bettinger, co-president of BancAlliance and a former director of the Troubled Asset Relief Program, known as TARP, joins CBSN to discuss.
The Labor Department says 400,000 Americans filed first-time unemployment claims last week, down 24,000 from the previous week. And the Commerce Department reports the nation's gross domestic product has reached pre-pandemic levels. Michelle Meyer, head U.S. economist for Bank of America Securities, joins CBSN to discuss the U.S. economic recovery.
The Labor Department says 360,000 people filed for unemployment for the first time last week, down 26,000 claims from the previous week and a new pandemic low. Mark Hamrick, Washington bureau chief and senior economic analyst at Bankrate, joins CBSN to discuss the latest jobs numbers.
Fewer Americans are applying for jobless aid as the economy rebounds and states curtail benefits.
The number of Americans filing for first-time unemployment benefits fell last week, after unexpectedly spiking just one week before. According to the U.S. Labor Department, 411,000 Americans filed new jobless claims the week ending June 19, a decline of about 7,000. Greg McBride, chief financial analyst at Bankrate, joins CBSN to discuss the latest numbers.
The number of people applying for weekly unemployment benefits has fallen sharply since January.
The number of Americans filing for first-time unemployment claims rose last week, ending a six-week streak of improving jobs numbers. Lori Bettinger, president of BancAlliance and former director of the "Troubled Asset Relief Programs" under the Obama Administration, joined CBSN to discuss what the numbers means for the U.S. economy.
With peace talks on hold, the U.S. said it launched a "series of powerful strikes" on Iran in response to Iranian attacks on three commercial vessels in the Strait of Hormuz.
Democrats have a brief window of time to replace Maine Senate candidate Graham Platner on the ballot if he drops out of the race amid a sexual assault allegation.
The unstable building is the former Pfizer headquarters in Midtown Manhattan that is being converted into apartments.
Sen. John Fetterman condemned his colleagues who continued backing Graham Platner amid a string of scandals.
The top Republicans in the Senate spoke with the Kentucky Republican by phone this week, according to their spokespeople.
Amid simmering tensions between the U.S. and some NATO allies over Iran and Greenland, President Trump is tightening bonds with Turkey.
The head of the Justice Department's Civil Rights Division sent letters to election officials in all 50 states threatening criminal action if they knowingly allow non-U.S. citizens to vote.
The debate comes days after a third candidate, Mallory McMorrow, suspended her campaign.
The Trump administration has revoked a waiver that allowed Iranian oil sales, a key source of revenue for the regime, after Iran attacked three tankers in the Strait of Hormuz.
Utah has revoked the license of a boarding school where Paris Hilton said she was abused as a teenager, saying the school has "failed to provide applicable health and safety services for clients."
Sen. John Fetterman condemned his colleagues who continued backing Graham Platner amid a string of scandals.
Acting Secretary of the Navy Hung Cao said he has directed that Cmdr. Gabriel Edwards be posthumously promoted to his selected rank of captain.
The Islamic Revolutionary Guard Corps has over the past two days attacked three commercial vessels that were traveling through the Strait of Hormuz.
A slew of Ford recalls affects some new and used Mustang, Lincoln Nautilus Hybrid and Explorer Hybrid vehicles, according to a federal safety watchdog.
A slew of Ford recalls affects some new and used Mustang, Lincoln Nautilus Hybrid and Explorer Hybrid vehicles, according to a federal safety watchdog.
The cost of a first-class Forever stamp has climbed 41% since 2021, and postal officials have signaled they want prices to rise even more.
The FDA is urging parents and caregivers to immediately stop using a Nara Organics-brand formula after several infants contracted botulism.
President Trump praised Walmart and said the lower prices are the result of "my Administration's request to celebrate our great Country's 250th birthday."
Toyota is shifting most production of its midsize Tacoma pickup truck from Mexico to the U.S. as part of a $3.6 billion investment in its Texas plant.
The head of the Justice Department's Civil Rights Division sent letters to election officials in all 50 states threatening criminal action if they knowingly allow non-U.S. citizens to vote.
The Trump administration has revoked a waiver that allowed Iranian oil sales, a key source of revenue for the regime, after Iran attacked three tankers in the Strait of Hormuz.
Sen. John Fetterman condemned his colleagues who continued backing Graham Platner amid a string of scandals.
The Islamic Revolutionary Guard Corps has over the past two days attacked three commercial vessels that were traveling through the Strait of Hormuz.
A federal judge has ruled that the U.S. Department of Justice cannot have access to personal information for every person who worked during the 2020 election in Georgia's Fulton County.
The FDA is urging parents and caregivers to immediately stop using a Nara Organics-brand formula after several infants contracted botulism.
A Florida man thought he had carefully planned for a seamless switch between health plans. It was anything but.
A "purple" air quality alert was issued for Washington, D.C., and surrounding areas, on Sunday, meaning pollution reached levels considered "very unhealthy."
Eric Dillon thought the pain in his shoulder was a minor injury. It took two years to get the real answer.
The CDC is reporting the highest rate of emergency room visits from tick bites since 2017 in many parts of the U.S.
The Trump administration has revoked a waiver that allowed Iranian oil sales, a key source of revenue for the regime, after Iran attacked three tankers in the Strait of Hormuz.
Acting Secretary of the Navy Hung Cao said he has directed that Cmdr. Gabriel Edwards be posthumously promoted to his selected rank of captain.
The Islamic Revolutionary Guard Corps has over the past two days attacked three commercial vessels that were traveling through the Strait of Hormuz.
Mexico said it is investigating whether its sovereignty was violated by the United States in the 2024 capture of drug lord Ismael "El Mayo" Zambada.
Rahm Emanuel is viewed as a potential Democratic presidential candidate and has been a longtime defender of Israel.
Prince Harry has lost his case against the publisher of the Daily Mail and Mail on Sunday tabloids, with the top U.K. court dismissing claims of illegal information gathering.
Common speaks to "CBS Mornings" about starring in the series "Silo," which is back for a third season. The Oscar, Emmy and Grammy Award winner reveals what drew him to his character. He also discusses recent performances, including at the BET Awards and the opening of the Obama Presidential Center.
Oprah Winfrey selected "Little Wonder" by acclaimed author Sophie Chen Keller as her latest book club pick. Keller reads an excerpt from her novel about an extraordinary journey of hope and love.
The highly anticipated wedding between pop superstar Taylor Swift and Kansas City Chiefs Pro Bowler Travis Kelce took place at Madison Square Garden on Friday. Page Six senior reporter Carlos Greer joins with the emerging details.
AI-generated actor Tilly Norwood is set to star in her first feature film, with her creator saying that "art will be imitating life."
FireSat satellites, equipped with specialized cameras and imaging software, are helping detect wildfires from space. Muon Space CEO Jonny Dyer explains how the satellites could help firefighting efforts.
Microsoft moves to slash costs as the video game industry faces what the tech giant calls the "most severe hardware crisis in its history."
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.
The Trump administration has lifted export restrictions on Anthropic's most advanced artificial intelligence models, Fable and Mythos, after weeks of negotiations over national security concerns. CNET Editor-in-Chief David Katzmaier joins to discuss.
Tech giant Anthropic says that the federal government has now removed restrictions from its robust Claude Fable 5 and Mythos 5 models. Axios reporter Madison Mills has more on artificial intelligence regulation.
Archaeologists have discovered eight human skeletons, bronze and gold jewelry and other artifacts indicating a ceremonial burial of wealthy people.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
From the lightbulb to the airplane, to medical breakthroughs and the internet age, the past 250 years have been defined by America's intrepid intellect.
The White House appointed former Harvard University astronomer Avi Loeb to lead its new panel on Unidentified Anomalous Phenomena, also known as UAPs and UFOs. Loeb shares his enthusiasm for his new role.
From space to healthcare and artificial intelligence, what could the next 250 years of the United States look like?
Prosecutors allege that Tyler Robinson shot conservative activist Charlie Kirk while he was speaking at an event for Turning Point USA. In court on Tuesday, a judge allowed new surveillance footage from the day the conservative activist was shot and killed.
Prosecutors revealed new video from the moments before and after the shooting of conservative activist Charlie Kirk. Carter Evans reports from Utah with details on the pretrial hearing there on Tuesday.
Two years after the death of an 18-year-old football player at Bucknell University in Pennsylvania, the team's former strength and conditioning coach has been hit with felony charges, including aggravated hazing and involuntary manslaughter. Mark Strassmann reports.
Mexico said it is investigating whether its sovereignty was violated by the United States in the 2024 capture of drug lord Ismael "El Mayo" Zambada.
Charlie Kirk's alleged killer, Tyler Robinson, is back in a Utah court for a preliminary hearing. CBS News' Katrina Kaufman has more details.
Quasars — the brightest objects in the universe — are powered by supermassive black holes at the heart of early galaxies.
Katalyst Space's LINK spacecraft is designed to capture and boost NASA's Swift observatory back to a safe altitude.
The orbital surgery on the International Space Station returned the Canadian-built robot arm to full health after its "wrist" joint failed last month.
The $30 million salvage operation gets underway as soon as this week with the planned launch of a robotic lifesaver.
The featherweight pair — orbiting a star 1,110 light-years away — are the biggest exoplanets found to have less density than cotton candy.
The Obama Presidential Center, museum and library opens in Chicago with a star-studded grand opening ceremony and public watch party on Midway Plaisance.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
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.
In Midtown Manhattan, buildings had to be evacuated after at least two columns were found buckling at a high-rise construction site. New York City Mayor Zohran Mamdani also said there are multiple cracks and sagging floors. Magued Iskander, a professor at the NYU Tandon School of Engineering, joins "The Daily Report" to discuss.
President Trump touted his growing relationship with Turkey during a two-day NATO summit in Ankara. Former U.S. Ambassador to NATO Ivo Daalder joins "The Daily Report" to discuss.
Democratic support is fading for Maine Senate candidate Graham Platner after accusations that he sexually assaulted his former girlfriend in 2021. Democratic strategist and CBS News political contributor Joel Payne has more.
The Food and Drug Administration is investigating a multi-state outbreak of infant botulism linked to baby formula. Infant botulism is a rare but serious illness caused when babies consume bacteria with spores that produce a toxin in the gut. CBS News medical correspondent Dr. Céline Gounder has more.
Prosecutors allege that Tyler Robinson shot conservative activist Charlie Kirk while he was speaking at an event for Turning Point USA. In court on Tuesday, a judge allowed new surveillance footage from the day the conservative activist was shot and killed.