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.
Unemployment
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.
Courts side with unemployed workers in Indiana and Maryland
Lawsuits have also been filed in Ohio, Oklahoma and Texas over those states ending the expanded benefits for unemployed and gig workers.
IRS sending 4 million refunds on overpaid unemployment taxes
The U.S. may owe money to as many as 13 million taxpayers who received unemployment benefits last year.
Jobless claims hold steady as economy regains footing
While the number of Americans filing for unemployment aid last week ticked up to 373,000, the job market remains solid.
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