Unemployment claims fall to 375,000, near pandemic low
So far, the job market appears unaffected by the rapidly spreading Delta variant — but clouds are gathering.
Unemployment
Job openings surpass 10 million, another record high
As the labor market recovers from the pandemic, workers are in the driver's set — for now, at least.
Jobless aid for gig workers to run out soon
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.
July jobs report beats expectations
July's jobs report beat expectations with almost a million new jobs added last month. The unemployment rate fell to 5.4%. Michael Gapen, Barclays' chief U.S. economist, joined CBSN to discuss.
4.2 million gig workers will soon lose unemployment aid
Innovative PUA program will end in early September, cutting off the self-employed and freelancers from all jobless aid.
Here's when pandemic related programs end
Congress passed billions in aid amid the pandemic, but many of the programs end in the second half of 2021.
U.S. added 943,000 jobs in July
July's jobs report beat expectations. The U.S. added 943,000 jobs, and the unemployment rate fell to 5.4%. Diane Swonk, chief economist at Grant Thornton, spoke with Anne-Marie Green and Vladimir Duthiers on CBSN about what this means for the economy and about a survey that shows more Americans would take a pay cut in order to be able to work from home permanently.
Hiring surged in July as U.S. unemployment rate fell to 5.4%
Employers topped forecasts by adding 943,000 jobs last month as the economic recovery went into overdrive.
Economic worries as COVID cases spike
Lawmakers and economists worry a spike in new COVID-19 cases is threatening to undermine economic progress in the U.S. This comes as social safety net programs begin to wind down in the coming months, affecting millions of Americans. Megan Cassella, an economic policy reporter for Politico, joined CBSN to discuss.
Fewer people filing for unemployment
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.
Fewer Americans apply for jobless aid as hiring rebounds
Economists expect the labor market to keep humming despite the latest COVID-19 wave caused by the Delta variant.
Federal eviction moratorium expiring
The federal eviction moratorium is expiring on Saturday, putting millions of people at risk of losing their homes. Washington Post reporter Heather Long spoke with CBSN's Lana Zak about the economic impact this moratorium has on renters and landlords.
Report: Cutting aid has little effect on jobs
Twelve states cut unemployment aid about three months before federal benefits expire in September. It was part of an attempt to boost hiring, but a new report by Gusto says states that cut benefits early saw their employment headcount grow 11.6% on average compared to 11.2% in states that kept the benefits. CBS MoneyWatch reporter Aimee Picchi joined CBSN to discuss.
States that cut off jobless aid aren't seeing a hiring boom
States that cut jobless aid early aren't recovering jobs any faster than those that kept the benefit, a study finds.
IRS issues 1.5 million tax refunds to people who collected jobless aid
As many as 13 million taxpayers who collected unemployment benefits last year may be eligible to get money back.
Judge blocks Arkansas from early cutoff of unemployment aid
A judge ruled the state must restart pandemic jobless benefits that had been cut on June 26, citing potential harm.
Pandemic relief programs to expire
Several federal pandemic relief programs are set to expire soon, including the nationwide ban on evictions, which will end July 31. Joe Minarik, is the director of research for the Committee for Economic Development, joined CBSN's Lana Zak to discuss.
Jobless Florida residents sue to get their federal pandemic benefits back
Unemployed Floridians in Broward County join peers in Oklahoma, Texas and Indiana in fighting for extra $300 a week in aid.
New unemployment claims jump unexpectedly
The Labor Department reported an unexpected spike in the number of Americans filing first-time unemployment claims last week -- up 51,000 from the previous week, when new claims hit a pandemic low. Sarah House, senior economist at Wells Fargo's Corporate and Investment Bank, joined CBSN to discuss the nation's economic recovery.
New jobless claims spike unexpectedly from pandemic low
Rising claims in Kentucky, Michigan and Texas drove more than half of the increase to 419,000 newly jobless last week.
States overpaid nearly $13 billion in jobless aid, watchdog says
The overpayments occurred in several pandemic programs, but only one billion is related to fraud, the report says.
Texas man searching for job shares his story
More than 13.8 million people across the country are still receiving some sort of unemployment assistance, according to the latest data from the Labor Department. While experts are touting the success of the economic rebound, some unemployed Americans are worried about the end of pandemic-related assistance programs in September. Joseph Hare, an unemployed Texas resident struggling to find work, spoke with CBSN's Tanya Rivero about his experiences.
New jobless claims fall to a pandemic-era low
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.
Weekly unemployment claims dip to pandemic low of 360,000
Fewer Americans are applying for jobless aid as the economy rebounds and states curtail benefits.
Upticks in car and gas prices driving inflation
A surge in car and gas prices is causing inflation to rise at the fastest pace since 2008. Fueling the increase in prices is a microchip shortage. CBS News MoneyWatch reporter Irina Ivanova joined CBSN's Elaine Quijano to discuss.
Exclusive
Army survivors of deadly attack in Kuwait dispute Pentagon's account
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
Live
Trump's ceasefire with Iran mired in dispute over Israel's war in Lebanon
As Trump issues a new warning to Iran to comply with a tenuous two-week ceasefire, the two sides don't even seem to agree on the terms of the deal.
Husband arrested in Bahamas in connection to wife's disappearance
The search for Lynette Hooker is ongoing in the Bahamas, as the U.S. Coast Guard takes the lead on investigative efforts and has launched a criminal investigation, a U.S. official said.
Inflation was cooling. The Iran war could send it racing higher again.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Military operation conducted to deter Russian submarines in North Atlantic
British and Norwegian militaries led a weekslong operation to deter Russian submarines in the North Atlantic, the U.K. military said.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Ex-Army employee charged with leaking classified military information to reporter
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
One hospice doctor. One year. $71.7 million worth of Medicare claims.
A CBS News investigation found one Los Angeles County hospice physician's name, Dr. Rajiv Bhuva, on Medicare claims for nearly 2,800 patients across 126 hospices in a single year.
U.S.
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Exclusive
Army survivors of deadly attack in Kuwait dispute Pentagon's account
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
Inflation was cooling. The Iran war could send it racing higher again.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Husband arrested in Bahamas in connection to wife's disappearance
The search for Lynette Hooker is ongoing in the Bahamas, as the U.S. Coast Guard takes the lead on investigative efforts and has launched a criminal investigation, a U.S. official said.
Doctor accused of trying to kill wife on hike found guilty of attempted manslaughter
Jurors delivered their verdict Wednesday in the trial of an anesthesiologist accused of trying to kill his wife during a cliffside hike in Hawaii.
Ex-Army employee charged with leaking classified military information to reporter
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
MoneyWatch
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Inflation was cooling. The Iran war could send it racing higher again.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Will the Iran ceasefire ease U.S. gas prices? Here's what experts think.
Gas prices in the U.S. continued to edge up on Wednesday even as oil prices fell. Here's how long it could take for fuel costs to recede.
This male model sporting a crisp summer shirt isn't real. Will consumers care?
Many brands are turning to AI to advertise their products. Others are rejecting the technology, pledging to lean into "real" images.
GM recalls more than 270,000 cars in U.S. over rearview camera risk
Cameras on some Chevrolet Malibus can display blank or distorted images, posing a risk to drivers, according to safety regulators.
Americans expect to work much longer than they would like. Here's why.
Many employees expect to retire later as mounting expenses strain budgets, while others hunker down at work as part of the "great stay."
Politics
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Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Ex-Army employee charged with leaking classified military information to reporter
Federal prosecutors say Courtney Williams divulged classified information to a reporter about her time in Delta Force, according to newly unsealed court documents.
Democratic candidate's events with Hasan Piker exposes party rift in Michigan
Abdul El-Sayed's decision to campaign with Hasan Piker has drawn scrutiny from across the political spectrum given comments the popular streamer has made on the Israel-Hamas war.
Judge postpones termination of TPS for Ethiopians in U.S.
It's the latest setback for the Trump administration on the issue, which has sought to terminate the TPS designation for 13 countries as part of the president's crackdown on immigration.
Vance says U.S. "never indicated" Lebanon would be included in ceasefire deal
The Iranian Parliament speaker claimed the U.S. is violating three parts of a ceasefire deal, citing continued fire in Lebanon.
HealthWatch
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Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Exclusive
2 more drug companies to officially launch on TrumpRx
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Social media driving teens toward steroids, extreme body transformations
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Scientist with rare ALS genetic mutation looks to experimental treatment
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
New ALS treatment brings hope to patients
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
World
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Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Exclusive
Army survivors of deadly attack in Kuwait dispute Pentagon's account
Survivors of an Iranian attack that killed six U.S. service members have disputed the Pentagon's description of events and said their unit in Kuwait was left dangerously exposed.
Military operation conducted to deter Russian submarines in North Atlantic
British and Norwegian militaries led a weekslong operation to deter Russian submarines in the North Atlantic, the U.K. military said.
Live
Trump's ceasefire with Iran mired in dispute over Israel's war in Lebanon
As Trump issues a new warning to Iran to comply with a tenuous two-week ceasefire, the two sides don't even seem to agree on the terms of the deal.
Entertainment
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NASA drops Artemis II moon mission playlist with astronauts' wake-up songs
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Kanye West's upcoming Italy gig sparks debate after U.K. denied rapper entry
The rapper formerly known as Kanye West being denied entry into the U.K. has raised questions over the star's upcoming performance in Italy.
"You, Me & Tuscany" stars talk new movie
Halle Bailey and Regé-Jean Page join "CBS Mornings" to talk about starring in the new romantic comedy "You, Me & Tuscany." The two discuss what it was like to shoot in Italy, preparing for their roles and how it's a renaissance for romantic comedies.
Extended interview: Billy Idol
Billy Idol speaks with Anthony Mason about his music career, his life, his stage persona and more.
Kanye West barred from entering U.K. after criticism over antisemitic remarks
A major music festival featuring the rapper formerly known as Kanye West was canceled after the U.K. government blocked Ye from entering the country.
Technology
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Technology
Behind Anthropic's alarming AI model
Anthropic announced its new AI model is too powerful for public release. Puck's Ian Krietzberg joins CBS News with more.
Analysis finds AI will reshape 50-55% of jobs
Researchers at Boston Consulting Group estimate that AI will "reshape" between 50-55% of U.S. jobs over the next three years. They note that while AI integration will likely change the nature of the work, it doesn't necessarily mean job losses in every case. CBS News MoneyWatch reporter Megan Cerullo has more.
How AI powered robots are helping small farms
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.
Anthropic claims new AI too powerful to release
Anthropic says its newest AI model, Claude Mythos, is too powerful and dangerous to be released to the public. Tech journalist Jacob Ward joins CBS News to discuss.
AI will affect more than half of all U.S. jobs, analysis finds
Artificial intelligence is more likely to change the nature of work than to supplant masses of workers, according to researchers.
Science
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Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Artemis II astronauts speak during historic lunar mission
On Monday, the astronauts aboard the Artemis II spacecraft will loop around the Moon's far side, part of a mission pushing human beings farther from Earth than anyone has ever been. Correspondent Mark Strassmann talked with commander Reid Wiseman, pilot Victor Glover, and mission specialists Christina Koch and Jeremy Hansen as the crew was about 180,000 miles from home, preparing for their historic lunar flyby.
Crime
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Crime
Husband arrested after wife falls overboard
Brian Hooker has been arrested by the Royal Bahamas Police Force after his wife, Lynette Hooker, apparently fell overboard from their dinghy and was swept away by currents. Hooker's lawyer denies any wrongdoing. CBS News' Cristian Benavides reports.
Doctor found guilty of attempted manslaughter
Gerhardt Konig, the anesthesiologist accused of trying to kill his wife in Hawaii last year, was found guilty Wednesday of attempted manslaughter based upon extreme mental or emotional disturbance.
Doctor accused of trying to kill wife on hike found guilty of attempted manslaughter
Jurors delivered their verdict Wednesday in the trial of an anesthesiologist accused of trying to kill his wife during a cliffside hike in Hawaii.
Gilgo Beach serial killer admits to 8 murders
Serial killer Rex Heuermann admitted to killing eight women on Long Island over the span of 17 years, ending in 2010. He will now spend the rest of his life in prison. Tom Hanson reports.
Warehouse employee arrested for alleged arson
In Southern California, a 29-year-old man is accused of starting a massive fire at a warehouse where he worked. Jonathan Vigliotti reports.
Space
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NASA drops Artemis II moon mission playlist with astronauts' wake-up songs
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
NASA gears up for Artemis II crew's return to Earth
With Artemis II astronauts closing out on-board tests, flight controllers are prepping for reentry and splashdown Friday.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Artemis II crew on path back to Earth after historic trip around the moon
The Artemis II crew flew farther from Earth than any humans in history as they passed over the far side of the moon on Monday night.
Artemis II astronauts find hidden Easter eggs as they close in on the moon
The NASA astronauts also sent down Easter messages Sunday while gearing up for a historic pass behind the moon Monday.
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Latest CBS News Videos
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Latest CBS News Videos
Doctor found guilty of attempted manslaughter
A jury in Hawaii found Gerhardt Konig guilty of attempted manslaughter after nearly three weeks of testimony. Konig was accused of trying to kill his wife during a birthday hike last year. Carter Evans reports.
Husband of missing woman in Bahamas arrested
Bahamian police have arrested the husband of an American woman who went missing at sea. Authorities say Brian Hooker was taken into custody in connection with the disappearance of Lynette Hooker, who he said fell overboard during a boat trip on Saturday. Brian Hooker's lawyer released a statement saying he didn't do anything wrong in regard to his wife's disappearance.
Behind Anthropic's alarming AI model
Anthropic announced its new AI model is too powerful for public release. Puck's Ian Krietzberg joins CBS News with more.
Most stunning moments from Artemis II mission
The Artemis II crew is headed back to Earth after an historic trip to the moon. CBS News' Mark Strassmann has more.
Trump's new threats, Iran ceasefire doubts
President Trump posted new threats on social media as questions linger about the fragile ceasefire with Iran. This comes as Israeli strikes in Lebanon threaten the negotiated 2-week lapse in the conflict. CBS News' Nancy Cordes and Elizabeth Palmer report.