Growing number of Americans facing prospect of long-term unemployment
According to Labor Department data, in August, nearly 2 million people in the U.S. faced long-term unemployment, defined as being out of work for at least 27 weeks.
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According to Labor Department data, in August, nearly 2 million people in the U.S. faced long-term unemployment, defined as being out of work for at least 27 weeks.
Emily Groveman left her last job in 2023 and hasn't been able to find another one since. She's tried everything, she says, from reaching out to her network of friends, to working with a recruiter, to posting resume reels on LinkedIn. As Jericka Duncan reports, she's not alone.
The Trump administration has issued layoff notices to more than 4,000 federal workers as the government shutdown enters its 13th day. CBS News congressional correspondent Caitlin Huey-Burns has the latest.
The Labor Department was scheduled to release its weekly jobless claims on Thursday, but the agency withheld that report because of the government shutdown. Despite that, the ADP National Employment Report, which looks at the private sector in the U.S., is offering a different glimpse into the job market. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the findings.
An expert points to three main factors and explains why the Black women unemployment rate is a warning sign.
Federal workers are already feeling the uncertainty of the government shutdown. FDA Microbiologist Stephanie Rogers, a single mother of two who was furloughed Wednesday morning, joins "The Takeout" to share her concerns.
Uncertainty over U.S. tariffs and other Trump administration economic policies are deterring manufacturers from hiring, according to the Center for American Progress.
The Federal Reserve cut rates for the first time in nine months Wednesday by a quarter point. The decision came as recent employment data showed the U.S. job market might be losing steam. Fed Chair Jerome Powell said there could be even more rate cuts coming later this year. CBS News senior business and technology correspondent Jo Ling Kent reports.
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
New data from the Labor Department shows that inflation ticked up last month with the consumer price index rising by nearly 3% in August compared to the year before. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The unemployment rate for 20 to 24 year olds is more than 9% — double the national average. New research shows artificial intelligence is making it even harder to land a first job. Bharat Chander, researcher at the Stanford Digital Economy Lab, joins to discuss.
Revised data from the Bureau of Labor Statistics showed the U.S. economy added nearly a million fewer jobs for the 12 months that ended this past March than previously reported. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The Bureau of Labor Statistics on Tuesday said the U.S. added 911,000 fewer jobs than previously reported in the 12-month period ending in March 2025. Douglas Holtz-Eakin, former director of the Congressional Budget Office, joins "The Takeout" to discuss the state of the U.S. economy.
The U.S. labor market added 911,000 fewer jobs in the past year than earlier reported, the Bureau of Labor Statistics announced on Tuesday. CBS News MoneyWatch correspondent Kelly O'Grady has the details. Then, Douglas Holtz-Eakin, former chief economic adviser for the George W. Bush administration and former director of the Congressional Budget Office, joins with analysis.
The recent lackluster jobs report showed a cooling U.S. labor market with only 22,000 jobs added in August. CBS News MoneyWatch correspondent Kelly O'Grady has more on how it could impact the Federal Reserve's next interest rate decision.
White House National Economic Council director Kevin Hassett told "Face the Nation with Margaret Brennan" that he believes the Federal Reserve "needs to be fully independent of political influence" as President Trump continues to pressure Fed Chair Jerome Powell to lower interest rates. CBS News business contributor Javier David has the latest.
A lackluster jobs report has sparked concern after the Department of Labor announced it only added 22,000 jobs last month and that the unemployment rate is the highest since 2021 at 4.3%. President Trump maintained his stance that the Federal Reserve should cut interest rates.
The August jobs report fell short of economists' muted expectations. The Labor Department said U.S. employers added 22,000 new jobs last month. Economists had expected a number closer to 80,000. The unemployment rate also ticked up slightly to 4.3% in August. CBS News MoneyWatch correspondent Kelly O'Grady reports.
The U.S. economy added 22,000 non-farm jobs in August, below the 75,000 forecast by leading economists. Unemployment ticked up to 4.3%. CBS News' Jo Ling Kent reports and Justin Wolfers, an economics professor at the University of Michigan, joins "The Takeout" to discuss.
Artificial intelligence is growing at a rapid pace, leaving some young workers wondering what the technology means for their future. According to a report from Wired, economists at Stanford University say they've found the strongest evidence yet that AI is starting to eliminate certain jobs for young people. Will Knight, senior writer at Wired and author of the A.I. Lab newsletter, joins CBS News to discuss.
When President Trump fired the head of the Bureau of Labor Statistics earlier this month, he accused her, without evidence, of producing fake job numbers before the last presidential election. Julia Lane, a professor at New York University's Wagner Graduate School of Public Service, joins "The Daily Report" to discuss more.
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.
The U.S. military says four service members were killed in a plane crash in Iraq, as Iran's continued attacks on Gulf states keep oil prices high.
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Dan Caine are giving a briefing on Operation Epic Fury in Iran Friday.
The attacker rammed a vehicle into Temple Israel in West Bloomfield and was confronted and killed by security, Oakland County Sheriff Michael Bouchard said.
The U.S. military has confirmed that at least four crew members were killed when an American KC-135 refueling plane taking part in the Iran war crashed in western Iraq.
Cuban leader Miguel Diaz-Canel confirmed Friday that Cuban officials recently held conversations with the U.S. government.
The suspect, who was killed following the shooting, had previously been imprisoned for several years for trying to support ISIS, the FBI said.
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
Officials praised the "brave" actions of ROTC students who confronted a gunman Thursday after he opened fire in a classroom on the campus of Old Dominion University, killing one person and injuring two others.
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Dan Caine are giving a briefing on Operation Epic Fury in Iran Friday.
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
Officials praised the "brave" actions of ROTC students who confronted a gunman Thursday after he opened fire in a classroom on the campus of Old Dominion University, killing one person and injuring two others.
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.
An aerial refueling tanker crashed in Western Iraq, U.S. officials said.
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
Even people with six-figure incomes are making financial sacrifices to pay for medical care, a new study finds.
Energy prices won't ease up until the Strait of Hormuz is secure, experts say. Here's what it will take to get the oil flowing again.
Easing the century-old shipping law could help lower fuel prices as the Iran war pushes crude oil near $100 a barrel, experts say.
Senate Democrats have filed legislation hat would keep the U.S. from attacking Cuba without congressional approval as they seek to force a vote on President Trump's stated goal of a "takeover" of the Caribbean country.
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Dan Caine are giving a briefing on Operation Epic Fury in Iran Friday.
The Trump administration has launched investigations into dozens of countries accused of failing to crack down on forced labor, flexing a law that lets the federal government impose tariffs.
The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with high oil prices.
Cuba's government says it will release 51 people from prisons, in an unexpected move that comes as the Trump administration puts immense pressure on the country.
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.
Last summer, the Trump administration announced a voluntary pledge by health insurers to reform prior authorization, but patient advocates and medical providers remain skeptical.
A CBS News analysis of records for every hospice operating in Los Angeles County finds indications of fraud are growing.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
Senate Democrats have filed legislation hat would keep the U.S. from attacking Cuba without congressional approval as they seek to force a vote on President Trump's stated goal of a "takeover" of the Caribbean country.
Defense Secretary Pete Hegseth and Joint Chiefs Chairman Dan Caine are giving a briefing on Operation Epic Fury in Iran Friday.
The U.S. military says four service members were killed in a plane crash in Iraq, as Iran's continued attacks on Gulf states keep oil prices high.
The raids come as President Donald Trump ramps up his criticism of Mexico's record on fighting drug trafficking.
The U.S. military has confirmed that at least four crew members were killed when an American KC-135 refueling plane taking part in the Iran war crashed in western Iraq.
Ballerina Misty Copeland responded to controversial comments made by actor Timothée Chalamet when he appeared to dismiss the significance of ballet and opera, saying, "No one cares."
John Grisham, who has written 52 bestsellers, reveals the name of his new novel on "CBS Mornings" and talks about how writing about espionage compares to his legal thrillers.
The fourth contestant eliminated from "Survivor: In the Hands of the Fans" joins "CBS Mornings" to discuss being voted off and playing the game again.
Misty Copeland, the first Black female principal dancer for the American Ballet Theater, said Timothée Chalamet "wouldn't be an actor and have the opportunities he has as a movie star if it weren't for opera and ballet and their relevance in that medium." Her response comes after Chalamet's comments on ballet and opera sparked backlash.
Watch scenes from the performances nominated for best supporting actor at the 98th annual Academy Awards, as well as interviews with the nominees.
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.
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.
An explosion in artificial intelligence data centers and cloud computing is shrinking the supply of memory chips, which is having a major impact on the price consumers pay for everyday tech. CNET editor-in-chief David Katzmaier joins CBS News to discuss.
Elon Musk said his long-planned payments platform, dubbed XMoney, is set to launch for select users. Here's what to know.
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 raids come as President Donald Trump ramps up his criticism of Mexico's record on fighting drug trafficking.
The FBI is assisting in the Michigan synagogue attack investigation, calling the incident a "targeted act of violence against the Jewish community." CBS News' Alysia Burgio, Sam Vinograd and Rodney Harrison have more.
Officials in Michigan gave an update on Wednesday afternoon's synagogue attack in West Bloomfield. The FBI is assisting in the investigation as a "targeted act of violence against the Jewish community."
Two major active shooting situations occurred in the U.S. on Thursday. The first happened at Old Dominion University in Norfolk, Virginia, during an ROTC class. A retired Army officer was killed and two other people were injured. The gunman, who was also killed, had previously pleaded guilty in the U.S. over connections to ISIS. In Michigan, a truck rammed into one of the biggest synagogues in the country. A security guard shot killed the suspect who exited the vehicle armed with a rifle. CBS News' Bradley Blackburn, Anna Schecter and Sam Vinograd have more.
The FBI held a briefing Thursday after a gunman killed at least one person and injured two others at Old Dominion University. Officials identified the shooter as Mohamed Bailor Jalloh, who was previously imprisoned for trying to support ISIS.
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.
NASA announced an overhaul to its Artemis moon program as safety concerns persist. CBS News space contributor Christian Davenport breaks down the key takeaways.
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.
Ship traffic in the Strait of Hormuz was mostly stopped amid the war in Iran on Thursday, which contributed to rising oil prices. The waterway typically carries around 20% of the world's supply of oil. On Wednesday, President Trump ordered the release of 172 million barrels of oil from emergency reserves. In a statement attributed to Iran's new Supreme Leader, Ayatollah Mojtaba Khamenei, he said Iran should keep putting pressure on the critical chokepoint.
NASA says it is rolling the Artemis II rocket back out to its launch pad one week from Thursday in the hopes of an April 1 launch date. CBS News space consultant Bill Harwood has more.
Dr. Mehmet Oz, administrator of the Centers for Medicare & Medicaid Services, tells CBS News' Adam Yamaguchi, "If we could fix California it would help the rest of the country," as the state grapples with a growing hospice fraud problem.
An armed suspect with explosives rammed a truck into a Michigan synagogue on Thursday before a security guard shot and killed the suspect. Meanwhile, a deadly shooting at Virginia's Old Dominion University, also on Thursday, is being investigated as an act of terrorism. Former FBI special agent Jeff Harp joins CBS News to discuss both attacks.
Police investigating attacks at Old Dominion University and Michigan synagogue; Iran's new supreme leader releases first statement.