Job market disconnect raises concerns over economic recovery
Federal labor data show that millions of job vacancies are going unfilled. Analysts say that could slow the recovery.
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Federal labor data show that millions of job vacancies are going unfilled. Analysts say that could slow the recovery.
Some 332,000 U.S. workers applied for unemployment last week as the Delta variant and hurricanes weighed on labor market.
New data estimates that 9.1 million Americans lost financial assistance after Congress' expansion of the federal relief program expired on Labor Day. CBS News MoneyWatch reporter Aimee Picchi joins CBSN AM with more details on that plus the stagnant minimum wage.
Some 310,000 people applied for first-time jobless aid last week, the lowest number since the pandemic began.
U.S. job openings hit a record high in July with nearly 11 million. Meanwhile, around 8.4 million people remain unemployed, creating a labor gap as the economy tries to get back on track. Heather Long, economics correspondent for The Washington Post, joins CBSN to discuss.
The disconnect between job openings and the ranks of the unemployed is something of a "big mystery," one economist says.
"Once that last check comes, that will be devastating," said one woman whose benefits expire on September 6.
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.
On this Labor Day, Labor Secretary Marty Walsh joins "CBS This Morning" to discuss the job market during the pandemic, and the end of federal COVID relief unemployment benefits, which have been aiding millions of jobless Americans.
While customers are back in restaurants and other businesses around the country, many employees are not, creating job openings that few expected – and giving lower-wage workers a rare chance to pursue a new, better-paying career.
Employers added only 235,000 jobs last month, a sign the Delta variant is weighing on the labor market.
President Biden is blaming the rapid spread of the COVID-19 Delta variant for the disappointing jobs numbers in August. The release of the jobs report comes as the president taps former Delaware governor Jack Markell as his administration's new Afghan refugee resettlement czar. CBS News senior White House and political correspondent Ed O'Keefe joins CBSN with details.
New Labor Department data shows U.S. hiring significantly slowed in August, just days before millions of Americans are set to lose pandemic unemployment aid. Sarah Ewall-Wice, who covers economic policy for CBS News, spoke to CBSN's Christina Ruffini about what's driving the change.
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.
CBS News Business Analyst Jill Schlesinger explains why people are still unemployed and what those searching for a job should do.
Millions of people are sitting on the sidelines as COVID-19 cases surge, while small businesses are worried.
Jobless Americans who have been relying on pandemic unemployment benefits are about to lose access to those funds. The federal aid programs are set to expire September 6. CBS News MoneyWatch reporter Aimee Picchi joins CBSN's Lana Zak to explain.
Treasury Secretary Janet Yellen and Labor Secretary Marty Walsh said in a letter that President Joe Biden wants Congress to include unemployment reform in the budget reconciliation process.
Some 348,000 people filed new claims for jobless aid last week, with economists expecting further labor market gains.
A family of six is scared they’ll be homeless after Iowa was one of several states to cut extended unemployment benefits. Last April, the husband and wife were fired from their jobs after following doctor's recommendation to quarantine due to an underlying condition. Mark Strassmann reports.
375,000 people filed first-time unemployment during the week ending August 7, a sign that the economy is strengthening. Mark Hamrick, senior economic analyst for BankRate, joins CBSN's Tanya Rivero to discuss what the numbers mean.
So far, the job market appears unaffected by the rapidly spreading Delta variant — but clouds are gathering.
As the labor market recovers from the pandemic, workers are in the driver's set — for now, at least.
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.
Iran war could escalate further as Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
The Iran war is testing the U.S. military's ability to combat Iran's drones in a cost-effective way. Emerging laser tech, designed to zap drones out of the sky, may help.
U.S. intelligence has circulated to President Trump's inner circle that Iran's late supreme leader had misgivings about his son replacing him, viewing Ayatollah Mojtaba Khamenei as not very bright.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said .
More than 11.5 million people are under blizzard warnings, another 4.3 million are under winter storm warnings, and about 20.6 million are under an extreme heat watch, according to forecasters.
A fifth of seven members of the Iran women's soccer team who accepted refugee visas to stay in Australia has changed her mind, a sport official says.
In an exclusive interview with CBS News Saturday, Federal Communications Chair Brendan Carr doubled down on his warning that broadcast licenses could be revoked amid President Trump's criticisms of media coverage of the war in Iran.
The top 16 seeds in the 68-team field will host first- and second-round games, with the regional rounds being played at two neutral sites for the fourth straight year.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
The United States will face the winner of Monday's semifinal between Italy and Venezuela in Tuesday's World Baseball Classic title game.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
With oil markets paralyzed by the U.S.-Iran war, the Trump administration says it could escort ships through the Strait of Hormuz — a massive undertaking that experts say could already be in the preparatory stages.
U.S. gas prices are surging as the Iran war drives up the global cost of oil. But what exactly accounts for what you pay at the pump?
Planning a trip? Travel experts recommend booking your flight soon as the Iran war drives up airline and ticket costs.
Two Democratic lawmakers are proposing tax reforms that would eliminate federal income taxes for millions of Americans.
Rep. Dan Crenshaw, whose term as representative of Texas' 2nd congressional district is set to end following his loss in the Republican primary earlier this month, appeared on "Face the Nation with Margaret Brennan" on Sunday.
On this "Face the Nation with Margaret Brennan" broadcast, Iranian foreign minister Abbas Araghchi and Rep. Dan Crenshaw join Margaret Brennan.
The following is the transcript of the interview with Sen. Mark Warner, Democrat of Virginia, that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
The following is the transcript of the interview with National Economic Council Director Kevin Hassett that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
The following is the transcript of the interview with Rep. Dan Crenshaw, Republican of Texas, that aired on "Face the Nation with Margaret Brennan" on March 15, 2026.
Patchwork state policies and limited federal oversight have led to a fragmented system for tracking organ donor status.
Spencer Laird was diagnosed with colon cancer at 26. At 30, he was told it had returned and spread to his lungs, with one tumor the size of a golf ball.
The Trump administration's Medicare boss reacts to CBS News investigation into California's hospice fraud problems.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Crystalline silica, which is released into the air when workers cut and polish engineered stone for kitchen countertops, can scar human lungs beyond repair.
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said.
The operation marks the latest joint show of force against drug cartels in the South American country.
Iran war could escalate further as Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
A fifth of seven members of the Iran women's soccer team who accepted refugee visas to stay in Australia has changed her mind, a sport official says.
The United States will face the winner of Monday's semifinal between Italy and Venezuela in Tuesday's World Baseball Classic title game.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
The North American box office grossed $9 billion last year, far below pre-pandemic numbers. One survey found only half of Americans said they saw a movie in theaters last year. Gwen Baumgardner reports.
As Kumail Nanjiani took the stage to announce the winner for Best Live-Action Short at the 98th annual Academy Awards, the actor exclaimed: "And the Oscar goes to ... it's a tie."
"One Battle After Another" took home several big awards, including Best Picture, Best Director and the newly created Best Casting.
Hosted by Mo Rocca. Featured: Hollywood, the Dream Factory; "Peaky Blinders" actor Cillian Murphy; Marc Jacobs and Sofia Coppola; John Mayer and McG preserve a Hollywood landmark; a Russian schoolteacher's resistance documented in "Mr. Nobody Against Putin"; and a tribute to documentary filmmaker Frederick Wiseman.
A community in Alabama is pushing back against a solar farm that would power an artificial intelligence data center in the state. CBS News reporter Kati Weis has more.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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.
For one week, three New Jersey high schoolers agreed not to take their phones to bed, and to try different tools to reduce screen time.
The Trump administration has blacklisted AI giant Anthropic, labeling it a supply chain risk. The company has sued in response. New York Times tech reporter Sheera Frenkel joins CBS News to break down the feud.
A new study in the journal Nature says most sea level rise research may have underestimated coastal water heights by an average of 1 foot.
NASA Administrator Jared Isaacman announced significant changes to the agency's Artemis program, which aims to land on the moon in 2028.
Documents might help scientists shed light on unexplained phenomena and government secrets, experts said.
A large shark was caught on camera for the first time in Antarctica's waters, surprising researchers. "There's a general rule of thumb that you don't get sharks in Antarctica," one said.
On the evening of Christmas 1776, Gen. George Washington surprised the King's forces by leading the Continental Army in a surprise crossing of a near-frozen Delaware River - a watershed military maneuver that dramatized a changing America, and a changing climate.
The suspect was responsible for transporting Oseguera's romantic partner to a luxurious cabin, the defense ministry said.
The operation marks the latest joint show of force against drug cartels in the South American country.
Jocelyn Peters, a beloved third grade teacher in St. Louis, Missouri, was shot to death in her sleep. The crime scene held an unusual clue – something one detective says he had never seen before.
Suspect Christian Barrios, 32, shot two people multiple times Friday night, St. Johns County Sheriff Rob Hardwick said.
Prosecutors intend to seek the death penalty for Tyler Robinson, 22, who is charged with aggravated murder in the Sept. 10 shooting of Charlie Kirk.
Bill Nye the Science Guy sits down with CBS News chief Washington correspondent Major Garrett to talk about his life and career.
NASA's huge Space Launch System rocket has been repaired and is ready for rollout back to the launch pad next week.
Nearly 14 years after it was launched in 2012, NASA says a 1,300-pound satellite is expected to come crashing back to Earth on Wednesday. Most of it will burn up as it reenters the atmosphere, but NASA warns some debris could survive reentry.
The Van Allen probe's mission was meant to last two years, but ended up going for nearly seven.
NASA has announced a major overhaul of its Artemis moon program amid ongoing safety concerns. CBS News space consultant Bill Harwood has more details.
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.
Winter isn't over yet as a late-season storm drops record-breaking snow in parts of the Midwest. Plus, President Trump demands help to keep the Strait of Hormuz open as oil prices rise. All that and all that matters in today's Eye Opener.
Richard Pulley, 78, says he was forced out of retirement and had to pick up a DoorDash gig after his wife unexpectedly lost her job. Jericka Duncan reports on what happened when one person saw him dropping off her delivery.
Resorts nationwide are dealing with a big drop in international visitors. That's being felt especially hard in Whitefish, Montana, about 60 miles south of the U.S.-Canada border. Andres Gutierrez reports.
The North American box office grossed $9 billion last year, far below pre-pandemic numbers. One survey found only half of Americans said they saw a movie in theaters last year. Gwen Baumgardner reports.
The CEOs of ten major U.S. airlines are demanding Congress end a funding standoff and pay TSA workers. In a letter, they claim 93% of Americans support paying aviation workers during government shutdowns. Tim McNicholas has more.