July jobs report reveals unexpected loss of 23,000 jobs
Friday's jobs report showed employers shed jobs last month, rather than adding 95,000 new hires that had been forecast by economists.
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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.
President Trump fired the Bureau of Labor Statistics commissioner on Friday. The reason cited, though it lacked evidence, was that last week's job report was "rigged." Katharine Abraham, who held the position from 1993 until 2001, joins "The Takeout" to discuss.
President Trump on Friday ordered the firing of the labor statistics boss just hours after the release of a weak jobs report. Axios economics reporter Courtenay Brown joins CBS News with analysis.
The 60-day deadline for the U.S. and Iran to negotiate a peace deal and reopen the Strait of Hormuz is expiring, with no agreement in sight.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the sci-fi series "Heroes," has died at the age of 36.
U.S. District Judge Theodore Chuang ruled that the Trump administration's move to divert funding and cancel a plan to move the FBI to Maryland was "arbitrary and capricious and not in accordance with law."
The baby was born with hypoplastic left heart syndrome, which requires a series of surgeries. The parents had asked the surrogate to get an abortion when they learned of the diagnosis.
In May, a federal judge dismissed a criminal indictment against Abrego Garcia, who had been accused of smuggling immigrants in the U.S. illegally.
Two Penn State fraternities are at the center of a cocaine trafficking ring bust, leading to charges against 14 people, authorities said.
The long-unsolved drive-by shooting gripped the hip-hop community, partly because no one was charged until Duane "Keffe D" Davis was indicted in 2023.
"The boulders that were coming down were so heavy they were like shaking the ground," resident Alice Birnbaum told CBS News.
After failing to deliver subpoenas itself, the BBC has asked a Florida court to compel three of President Trump's family members to testify over the Jan. 6 attack on the Capitol.
In May, a federal judge dismissed a criminal indictment against Abrego Garcia, who had been accused of smuggling immigrants in the U.S. illegally.
"The boulders that were coming down were so heavy they were like shaking the ground," resident Alice Birnbaum told CBS News.
U.S. District Judge Theodore Chuang ruled that the Trump administration's move to divert funding and cancel a plan to move the FBI to Maryland was "arbitrary and capricious and not in accordance with law."
Lindsay Clancy has pleaded not guilty to murdering her children, but her attorneys don't deny that she caused the deaths of 5-year-old Cora, 3-year-old Dawson and 8-month-old Callan.
The baby was born with hypoplastic left heart syndrome, which requires a series of surgeries. The parents had asked the surrogate to get an abortion when they learned of the diagnosis.
The car manufacturer is also recalling another 107,000 vehicles outside the U.S. over the same issue.
The website HaveIBeenFlocked has compiled a database of 4.6 million license plate records that have appeared in roughly 242 million Flock searches.
The plan has sparked criticism from Democrats, who argue that granting bank status to a business affiliated with the Trump family poses a conflict of interest.
Americans think more young people in office would make politics better.
The war in Iran has underscored how disruptions to a key shipping route thousands of miles away can have a material impact on American consumers.
In May, a federal judge dismissed a criminal indictment against Abrego Garcia, who had been accused of smuggling immigrants in the U.S. illegally.
U.S. District Judge Theodore Chuang ruled that the Trump administration's move to divert funding and cancel a plan to move the FBI to Maryland was "arbitrary and capricious and not in accordance with law."
The allegations include "engaging in inappropriate sexual contact with a House staffer," according to the committee.
President Trump praised lifeguard Ryder Williams for his bravery, saying his rescue of a 10-year-old boy in treacherous waters was "incredible."
Defense Secretary Pete Hegseth was scheduled to head to Iowa on Monday to give remarks, speak to veterans and campaign, sources told CBS News.
U.S. kindergarten vaccination rates have declined again, with exemptions reaching a record high for the 2025-2026 school year
Health Secretary Robert F. Kennedy Jr.'s closed-door research has yet to produce evidence linking vaccines and autism.
Candice Davis' first pregnancy was going smoothly until she began feeling some nausea and pain one afternoon.
Some seriously ill patients improve on hospice. About 1 in 16 patients enrolled in hospice care lose eligibility as a result. Here's how to get appropriate care.
Certain salsas, guacamole, pico de gallo and prepared jalapeño products at Whole Foods are among the products recalled over possible salmonella risk.
Israel's far-right national security minister Itamar Ben-Gvir calls for nightly "targeted assassinations" in Gaza: "They're not even people."
President Trump and Defense Secretary Pete Hegseth have disputed concerns about conditions aboard the aircraft carrier USS Abraham Lincoln.
After failing to deliver subpoenas itself, the BBC has asked a Florida court to compel three of President Trump's family members to testify over the Jan. 6 attack on the Capitol.
Thousands of people are still waiting for aid on Indonesia's Flores island days after a powerful earthquake killed at least 68 people.
British Prime Minister Andy Burnham exchanged messaged with someone pretending to be White House chief of staff Susie Wiles.
With no signs of foul play or trauma, authorities said the investigation into actor Hayden Panettiere's death is just beginning. The former child star was on "Guiding Light" and also had breakout roles in "Heroes" and "Nashville." She died at 36 years old. Mark Strassmann reports.
Opening statements were delivered in Tupac Shakur's long-awaited murder trial on Monday. Nearly 30 years ago, the iconic rapper was killed in a drive-by shooting in Las Vegas, a pivotal moment in music history. CBS News legal reporter Katrina Kaufman reports.
Becky G speaks with Gayle King about the latest developments in her career, her new music, the intersection of advocacy and art in her latest videos and more.
The trial has begun for the man accused of ordering the 1996 murder of Tupac Shakur, Duane "Keffe D" Davis. CBS News legal reporter Katrina Kaufman has more.
Co-stars and friends of Hayden Panettiere are remembering her for her friendship, intelligence and talent after her shocking death on Sunday.
Alpha School is a private school that teaches students subjects like math and reading with artificial intelligence apps. Mackenzie Price, co-founder of Alpha School, joins CBS News to discuss.
More home listings are using AI to add furniture, repaint walls, spruce up landscaping and even add windows. But when does virtual staging cross the line into deception or even fraud? CBS News' Evyn Moon explores.
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 iNaturalist cellphone app not only helps users identify plant, animal and insect species; it also provides invaluable data to scientists studying biodiversity, species decline, and habitat loss. It also provides opportunities for fun: David Pogue joins iNaturalist fan Martha Stewart in a "bioblitz" – a timed competition with other users to spot and ID species. (Originally broadcast March 22, 2026.)
Above Earth's atmosphere, an arms race is unfolding. Thousands of miles above the ground, satellites from different companies and nations are observing us and each other. To learn more, Olivia Gazis traveled to Vantor, a Colorado-based satellite technology company.
July was the hottest month ever in the Lower 48 States – another escalation of our world into a hotter, more dangerous planet, where extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
July was the hottest month ever in the Lower 48 States, breaking a record last set during the Dust Bowl – just another step in the escalation of our world into a hotter, more dangerous planet. Correspondent Jonathan Vigliotti talks with climate journalist Jeff Goodell and atmospheric scientist Maria Molina about how changes in Earth's climate are increasing the likelihood that extreme weather events – such as heat waves, wildfires and hurricanes – will become more common and more extreme.
A total solar eclipse was visible in parts of Europe for the first time since 1912. Rob Marciano reports.
A total solar eclipse turned day into night across a slice of Europe and North America on Wednesday, and put millions in unique contact with the heavens above. Meteorologist Rob Marciano reports from Spain.
Janna Levin, professor of physics and astronomy at Barnard College, joins CBS News to discuss Wednesday's total solar eclipse.
After a 63-year-old woman in Las Vegas didn't return from a trip to the drugstore, her family said they started getting text messages from the woman's phone. The family spoke with Nicole Valdes.
The defense began its work on Monday in the case of Lindsay Clancy, the Massachusetts woman on trial for killing her three children. Her mother and sister took the stand and Shanelle Kaul has the details.
Thirteen former and current Penn State students, and one student's father, are facing charges related to an alleged cocaine ring. Prosecutors allege drugs were cut and packaged at two frat houses, sometimes by pledges. Michael George reports.
Opening statements were delivered in Tupac Shakur's long-awaited murder trial on Monday. Nearly 30 years ago, the iconic rapper was killed in a drive-by shooting in Las Vegas, a pivotal moment in music history. CBS News legal reporter Katrina Kaufman reports.
Lindsay Clancy has pleaded not guilty to murdering her children, but her attorneys don't deny that she caused the deaths of 5-year-old Cora, 3-year-old Dawson and 8-month-old Callan.
The newly discovered object looks like a star the size of our solar system, but produces 100 billion times more energy than any star.
The only total solar eclipse of 2026 crossed the Northern Hemisphere Wednesday, with a path of totality across parts of Greenland, Iceland and northern Spain. See photos and video from the best viewing locations.
The Perseid meteor shower is the best viewing all year, according to NASA.
Researchers were able to peek at the sun's scorching surface with the help of the National Science Foundation's Daniel K. Inouye Solar Telescope, located on the island of Maui in Hawaii.
The impact wasn't visible to the naked eye, but photos are expected to come from a lunar satellite at a later time.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Lala battered Hawaii as a hurricane, bringing heavy rain, damaging winds and mudslides. CBS News' Jonathan Vigliotti has more.
Attorney General Todd Blanche is refusing to put up a wall between the Justice Department and the executive branch. CBS News legal contributor Jessica Levinson has more.
It has been 60 days since the U.S. and Iran signed a memorandum of understanding that called for negotiations to reach a larger peace deal. Despite that, the war continues. CBS News national security contributor Joseph Zacks has more.
Lightning struck a natural gas tank south of Tulsa, Oklahoma, sparking a massive fire that spread to nearby tanks. Jason Allen has new developments.
After a 63-year-old woman in Las Vegas didn't return from a trip to the drugstore, her family said they started getting text messages from the woman's phone. The family spoke with Nicole Valdes.