Layoffs reach pre-pandemic levels, with 229K claims last week
Some 229,000 first-time jobless claims were filed in the middle of June as layoffs rise since hitting a 50-year low in March.
Watch CBS News
Some 229,000 first-time jobless claims were filed in the middle of June as layoffs rise since hitting a 50-year low in March.
The term describes when the economy suffers from high unemployment and inflation with low growth. Lana Zak explains why economists are worried it could happen again.
President Biden addressed the inflation crisis in a briefing at the Port of Los Angeles Friday. CBS News senior White House and political correspondent Ed O'Keefe reports.
President Biden wished the Tesla CEO "lots of luck on his trip to the moon" in response to his doubts about the U.S. economy.
U.S. employers added 390,000 jobs in May, according to the Bureau of Labor Statistics. The unemployment rate stayed at 3.6% for the third straight month. Senior economist at Glassdoor, Daniel Zhao, joined CBS News' Anne-Marie Green and Vladimir Duthiers with reaction to these latest figures.
U.S. Senate passes $40B Ukraine aid package; Rise in U.S. unemployment claims
Some business are seeing a trend of new hires not showing up after accepting a job offer. Wall Street Journal reporter Chip Cutter co-authored the article, "Hiring Is Hard Enough. Now New Workers Are Vanishing Before They Even Start," and he joins "CBS News Mornings" to explain why workers are doing this and how it's impacting companies.
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.
April was the worst month for the stock market since the pandemic began. Meanwhile, inflation continues to impact household budgets. Michael George has the details.
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.
Despite unemployment hitting a record low, Americans are still seeing high prices at grocery stores and gas stations. Scott MacFarlane has more on the economic situation from the White House.
According to a report released Friday by the U.S. Bureau of Labor Statistics, U.S. employers added 431,000 jobs in March. Wages also picked up and unemployment dropped, but high inflation rates and a high demand for workers continue to plague the U.S. CBS News' Tanya Rivero and Nikki Battiste discuss the report with Diane Swonk, a chief economist for Grant Thornton.
Some 202,000 people filed for jobless aid last week, an uptick after claims fell to a 50-year low.
Just 187,000 people applied for unemployment benefits last week, a sign the job market remains tight.
American manufacturers need skilled workers to craft furniture. With demand booming, furniture makers are having a hard time filling orders without properly trained labor. Nikki Battiste reports.
Some businesses have not been able to recover from the early days of the pandemic. Pandemic-related supply chain issues and inflation remain the top issues hurting industries. Finance reporter for the Wall Street Journal Liz Hoffman joined CBS News' Lana Zak to discuss.
Worries about the war in Ukraine sent stocks into a tailspin, despite a blockbuster jobs report. Meanwhile, gas prices are rising at a rate not seen since Hurricane Katrina in 2005. Carter Evans takes a look.
As the Omicron wave recedes, fewer people are being laid off and more who are unemployed are finding new jobs.
In January, the U.S. economy added 467,000 jobs, which was more than economists predicted. But the unemployment rate also ticked up slightly to 4%, up from 3% the month before. Senior business analyst Jill Schlesinger has more on what it all means.
The U.S. economy added 467,000 jobs during January, exceeding many analysts' expectations. But the unemployment rate jumped to 4%, up from 3.9% during the previous month. CBS News chief White House correspondent Nancy Cordes joined Anne-Marie Green and Vladimir Duthiers with reaction and other headlines from the White House.
More than 20,000 fewer workers filed for unemployment benefits last week, indicating the Omicron wave that shuttered many businesses is receding. Colby Smith, economy editor at The Financial Times, joins Major Garrett on "Red & Blue" to discuss the latest on the U.S. economy.
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.
President Biden gave an update with his infrastructure task force on projects nationwide that he says will help ease supply chain problems. CBS News White House reporter Kathryn Watson joined CBSN to discuss how Mr. Biden plans to move forward on his agenda as he begins his second year in office.
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
Ghislaine Maxwell's lawyer said she would be willing to cooperate with a House panel's probe if President Trump grants her clemency, and would testify that he is "innocent of any wrongdoing."
The FBI says it is taking two emails seriously, including what appears to be a ransom note with a second deadline set for later on Monday.
Google and Pepsi were among the best ads of the Big Game, while Coinbase and ai.com got failing grades, according to one ranking.
Lindsey Vonn thanked a journalist who wished her well on social media a day after suffering a broken leg in a devastating crash at the Winter Olympics in Italy.
Some 2026 Winter Olympics athletes say their winning medals are falling apart, coming detached from their ribbons.
New video footage from the day of the Brown University shooting that killed two students and injured nine others was released Monday.
Family of Jimmy Lai, a Hong Kong media tycoon and vocal critic of China's Communist rule, calls his prison sentence cruel, and the "end of justice."
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
A man and his dog in a small South Carolina town had nowhere to turn when a rare winter storm struck, until the community pulled together to help.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
Eddie Bauer, a 106-year-old retailer, points to declining sales and "tariff certainty" as factors behind its latest move to seek bankruptcy protection.
Ghislaine Maxwell's lawyer said she would be willing to cooperate with a House panel's probe if President Trump grants her clemency, and would testify that he is "innocent of any wrongdoing."
New video footage from the day of the Brown University shooting that killed two students and injured nine others was released Monday.
Eddie Bauer, a 106-year-old retailer, points to declining sales and "tariff certainty" as factors behind its latest move to seek bankruptcy protection.
Google and Pepsi were among the best ads of the Big Game, while Coinbase and ai.com got failing grades, according to one ranking.
"Black carbon," or soot, that spews from ships and makes the Artic Ocean ice melt even faster is an increasing concern in a region beset with many other issues.
For the first time, a major U.S. automaker is putting a team up against the European giants of Formula One. Can Cadillac be a contender?
For over five centuries, Antwerp's diamond district has been the cornerstone of the global diamond trade. Now, that legacy is under strain.
Ghislaine Maxwell's lawyer said she would be willing to cooperate with a House panel's probe if President Trump grants her clemency, and would testify that he is "innocent of any wrongdoing."
The official DHS statistics, which had not been previously reported, provide the most detailed look yet into who ICE has arrested during the Trump administration's crackdown.
Rep. Tony Gonzales said the Dilley detention facility, which houses families and children, is "nicer than some elementary schools."
Republicans and Democrats in Congress are locked in a standoff over reforming the nation's immigration enforcement operation as a deadline to reach a resolution and fund the Department of Homeland Security approaches.
On this "Face the Nation with Margaret Brennan" broadcast, Sen. Mark Warner and Rep. Tony Gonzales join Margaret Brennan.
Ballad Health, the nation's largest state-sanctioned hospital monopoly, plans to rebuild Unicoi County Hospital in Tennessee on land that two climate modeling companies say is at risk of flooding.
Becca Valle, then 37, enrolled in a cutting-edge clinical trial after surgery removed an aggressive tumor from her brain.
More than three dozen cases of death cap mushroom poisonings have been reported in California since November, health officials said.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
Skier Tallulah Proulx, 17, was raised in the U.S., but she's making Olympic history as the Philippines' first female, and youngest athlete in any Winter Games.
Fresh snowfall during recent storms and wind-swept snowcaps on weak internal layers have created especially risky conditions, rescuers said.
Some 2026 Winter Olympics athletes say their winning medals are falling apart, coming detached from their ribbons.
Lindsey Vonn thanked a journalist who wished her well on social media a day after suffering a broken leg in a devastating crash at the Winter Olympics in Italy.
The International Organization for Migration says two infants are among at least 53 people feared dead or missing after a boat capsized off Libya's coast.
Ingrid Fajaro, a staff writer at Billboard, joins CBS News 24/7 to discuss the cultural impact of Bad Bunny's halftime performance at Super Bowl LX.
Puerto Rican superstar Bad Bunny, born Benito Antonio Martínez Ocasio, is one of the most-streamed artists on the planet.
Ad Age editor-in-chief Jeanine Poggi joins "CBS Mornings" to break down which ads during Super Bowl LX stood out and if some missed the mark.
When self-proclaimed "Quad God" Ilia Malinin landed seven quad jumps in a single program last December, he boisterously ushered in a new era of skating with his daring routines.
The Seattle Seahawks beat the New England Patriots 29-13 in Super Bowl LX on Sunday. Bad Bunny's halftime show highlighted Puerto Rican culture and featured Ricky Martin and Lady Gaga, but drew criticism from President Trump. CBS News correspondent Nidia Cavazos has more.
The FAA says it is collaborating with the FBI to detect, track and assess unauthorized drone activity at the Super Bowl.
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
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.
CBS News business analyst Jill Schlesinger talks about how companies are using artificial intelligence, the discussion around the technology and how it's impacting the workforce.
Executives from Waymo and Tesla defended their self-driving vehicle technology in testimony before the Senate Commerce Committee on Wednesday. CBS News' Kris Van Cleave reports and Ian Krietzberg, an AI correspondent at the digital media company Puck, has more.
After decades monitoring polar bears in Norway's far north, researchers say the animals have proven incredibly adaptable, but there are no guarantees for the future.
Dark matter doesn't absorb or give off light so scientists can't study it directly. But they can observe how its gravity warps and bends the star stuff around it.
"CBS Saturday Morning" learns more about Veronika, the clever cow who figured out multiple ways to scratch herself with a broom. It was the first time a cow was seen using a tool.
"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.
Ghislaine Maxwell invoked the Fifth Amendment and refused to answer questions during a virtual deposition before the House Oversight Committee on Monday. CBS News' Katrina Kaufman has the latest.
An apparent second ransom deadline is set for Monday in the disappearance of Nancy Guthrie after her children post another video telling her possible abductor "we will pay" for her safe return. Gregory M. Vecchi, a retired FBI negotiator and former chief of the agency's Behavioral Science Unit, joins CBS News 24/7 to discuss the investigation.
Ghislaine Maxwell invoked the Fifth Amendment and refused to answer questions during a virtual appearance before the House Oversight Committee on Monday as part of its probe into Jeffrey Epstein. CBS News' Jake Rosen and Taurean Small have the latest.
The investigation into the disappearance of "Today" show co-host Savannah Guthrie's 84-year-old mom, Nancy, continues in its second week. CBS News' Andres Gutierrez breaks down the timeline so far.
New video footage from the day of the Brown University shooting that killed two students and injured nine others was released Monday.
The new crew will replace four station fliers who returned to Earth ahead of schedule last month due to a medical issue.
NASA's first crewed moon mission in more than 50 years has been delayed until March at the earliest. During a routine dress rehearsal of the launch, persistent liquid hydrogen leaks were discovered in the Artemis II rocket. CBS News space consultant Bill Harwood breaks it down.
NASA plans to test the planned leak repair with a second dress rehearsal fueling test later this month.
NASA delayed the Artemis II moon rocket launch after a hydrogen leak was found during a wet dress rehearsal, the agency announced Tuesday. CBS News senior space consultant Bill Harwood has the latest.
A NASA mission is underway to map the heliosphere, which is a huge protective bubble around the solar system that was created by the sun.
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.
Ghislaine Maxwell, a longtime associate of convicted sex offender Jeffrey Epstein, invoked the Fifth Amendment and refused to answer questions during a virtual appearance before the House Oversight and Government Reform Committee on Monday. Her lawyer, though, said she would be willing to cooperate if President Trump grants her clemency. CBS News justice reporter Jake Rosen has more.
President Trump is set to meet with Israeli Prime Minister Benjamin Netanyahu on Wednesday at the White House over Iran nuclear negotiations. CBS News Middle East reporter Courtney Kealy has more.
American skier Lindsey Vonn crashed 13 seconds into her downhill race at the 2026 Winter Olympics just two weeks after she ruptured her left ACL in a prior crash. Medical teams airlifted Vonn to a hospital where she underwent an "operation to stabilize a fracture reported in her left leg."
President Trump is backing a new bill called the Safeguard American Voter Eligibility Act, or SAVE America Act, which includes photo ID requirements to vote. CBS News senior White House correspondent Weijia Jiang has the latest.
Ingrid Fajaro, a staff writer at Billboard, joins CBS News 24/7 to discuss the cultural impact of Bad Bunny's halftime performance at Super Bowl LX.