Unemployment rate falls to 5.8%, a pandemic-era low
Hiring across U.S. strengthened in May, with employers adding 559,000 jobs as economy continues to rebound.
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Hiring across U.S. strengthened in May, with employers adding 559,000 jobs as economy continues to rebound.
At least 25 states have announced they will end enhanced federal unemployment benefits in June and July, ahead of the benefits' September expiration date.
The Labor Department revealed the U.S. added 559,000 new jobs in May, nearly twice as many as April though lower than analysts' expectations. The nation's unemployment rate fell to 5.8%, its lowest point since the start of the pandemic. Michelle Meyer, head U.S. economist for Bank of America securities, joined CBSN to discuss the state of the economy.
Job growth in the U.S. is picking back up as pandemic restrictions ease and COVID-19 vaccinations continue. The Labor Department's latest report shows the country added 559,000 jobs in May and the unemployment rate fell to 5.8%. Frances Stacy, director of portfolio strategy at Optimal Capital, joined CBSN to discuss.
The U.S job report comes out Friday morning as California is expected to have high economic growth post-pandemic. The recovery leaves many unemployed people hopeful for an uptick even if they haven't received the call into work yet.
The number of people of filing for weekly jobless aid has dropped for five straight weeks as layoffs slow.
The Labor Department said Thursday 385,000 people filed for unemployment last week, another pandemic low. Mark Hamrick, a senior economic analyst at Bankrate, joined CBSN's Tanya Rivero with more on the new numbers.
A government moratorium on federally backed college debt expires on December 31. Student loan borrowers are worried.
Self-employed people waited an average of five weeks for their first check, while some long-term unemployed waited months.
A growing number of GOP governors have said they will end increased unemployment insurance benefits, citing workforce shortages.
Mississippi is one of the poorest states in the country, with many jobless on the sidelines as low-paying jobs go unfilled.
Twenty GOP-led states plan to cut pandemic assistance for nearly 1 million self-employed workers. These include many housekeepers, dog walkers and Uber drivers. CBS MoneyWatch reporter Aimee Picchi has been following this story closely. She joins CBSN's Tanya Rivero to discuss why this is happening and what it means for freelance employees.
Starting June, about 1 million freelancers in states from New Hampshire to Texas will be shut off from all jobless aid.
The Department of Labor reported Thursday 406,000 Americans filed new jobless claims last week, down 38,000 from the previous week and a new pandemic low. Lori Bettinger, president of BancAlliance and former director of the Troubled Asset Relief Programs during the Obama Administration, joined CBSN to discuss what these numbers mean for the U.S. economy.
An official told CBS News the federal government paying the benefits to some unemployed Americans directly is "pretty much off the table."
Some progressives say the Labor Department could continue federal benefits to some of the workers not eligible for state unemployment benefits.
Extra federal assistance "keeps the lights on and food on the table," another worker says as his state ends funding.
Unemployment claims in the U.S. have hit their lowest number since the beginning of the pandemic. This comes as several states seek to end federal unemployment benefits. The Associated Press reporter Christopher Rugaber joined CBSN's Lana Zak to discuss.
Some 444,000 Americans filed for unemployment benefits last week as employment prospects continue to brighten.
As many as 10 million people who filed taxes before the American Recovery Plan was passed could be receiving tax refunds.
According to a Pew survey, 66% of unemployed workers considered a new career during the pandemic. "CBS This Morning" looks at how one laid off worker is reinventing herself, and CBS News business analyst Jill Schlesinger offers advice about making a career change.
Connecticut, Oklahoma and Montana are offering cash to those who get full-time jobs and keep them for several weeks.
The Department of Labor reports 473,000 Americans filed new jobless claims last week, down 34,000 from the previous week and the lowest number since the beginning of the pandemic. Lori Bettinger, president of BancAlliance and former director of the Obama administration's Troubled Asset Relief Program, joined CBSN to discuss what the numbers mean for the U.S. economy.
President Biden will meet with GOP senators Thursday in order to find common ground on his $2.3 trillion infrastructure plan. The meeting comes as Republican governors begin eliminating unemployment benefits. Ed O'Keefe reports on the details.
Fewer than 600,000 people filed for first-time benefits last week, but nearly 17 million are still receiving assistance.
The Iran war could escalate further as President Trump threatens to hit key oil infrastructure if Tehran doesn't drop its chokehold on the Strait of Hormuz.
Jurors delivered their verdict Monday in the trial of Kouri Richins, a Utah mother accused of murdering her husband and later publishing a children's book about grief.
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
A man who was accused of planting pipe bombs outside the RNC and DNC on the eve of the Jan. 6 attack is arguing he is covered by President Trump's sweeping pardons of alleged Jan. 6 rioters.
A person believed to be the ex-wife of the suspect in the attack at Michigan's Temple Israel told authorities that the suspect was "not stable" ahead of the attack, according to a 911 call obtained by CBS News Detroit.
President Trump was planning to visit China at the end of March.
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
Jurors delivered their verdict Monday in the trial of Kouri Richins, a Utah mother accused of murdering her husband and later publishing a children's book about grief.
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
President Trump was planning to visit China at the end of March.
A person believed to be the ex-wife of the suspect in the attack at Michigan's Temple Israel told authorities that the suspect was "not stable" ahead of the attack, according to a 911 call obtained by CBS News Detroit.
The U.S. men's national soccer team is expected to debut the new uniforms later this month in Atlanta, ahead of the 2026 FIFA World Cup starting in June.
Costco is recalling a meatloaf and potato meal kit because one of its ingredients may be contaminated with salmonella.
Hyundai's announcement came after a child died in an incident involving a Palisade vehicle, which the car maker said is still under investigation.
Small adjustments, like maintaining a steady speed while driving, can help maximize fuel efficiency, experts say.
Gas prices have jumped almost 79 cents per gallon from a month ago, raising fresh inflation concerns.
Some economists think the Fed, facing inflationary pressures from rising energy prices, may not cut interest rates at all this year.
A man who was accused of planting pipe bombs outside the RNC and DNC on the eve of the Jan. 6 attack is arguing he is covered by President Trump's sweeping pardons of alleged Jan. 6 rioters.
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
President Trump was planning to visit China at the end of March.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
A judge blocked a set of changes to the childhood vaccine schedule recommended by allies of Health and Human Services Secretary Robert F. Kennedy, dealing a setback to the Trump administration's efforts to overhaul federal vaccine policy.
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.
President Trump was planning to visit China at the end of March.
The Cuban government is planning to allow Cuban nationals who live abroad to invest in the island, a government official told NBC News, as the country faces economic collapse and pressure from the Trump administration.
The latest blackout in Cuba comes over a week after another massive outage affected the island's west, leaving millions without power.
Coast guard rescuers pulled all 21 people out of the water, but a 17-year-old student and the captain of one of the boats were later pronounced dead.
In remarks ahead of a meeting with the Kennedy Center board of trustees, Mr. Trump provided an update on the ongoing conflict with Iran.
The Kennedy Center's board of directors has voted to shut down operations for two years following this summer's July 4 celebrations.
Oscar winners Jessie Buckley, Michael B. Jordan and other celebrities appeared on the red carpet for the Vanity Fair party after the awards show. See some of the red carpet looks.
The 2026 Academy Awards were held in Los Angeles on Sunday. Entertainment Tonight host Kevin Frazier breaks down the winners and the biggest upsets.
CBS News contributor Lauren Sherman breaks down some of the best looks from the 2026 Oscars, where looks from Chanel and Dior dominated the red carpet.
Grammy award-winner Lizzo exclusively announced on "CBS Mornings" her latest project, a children's book called "Little Lizzo Meets Sasha B. Flute." She spoke with Gayle King about her inspiration for the book and message for young readers.
A constant battle in the U.S. health care system is the fight between insurers and providers over the cost of medical procedures and who foots the bill. Both sides are turning to artificial intelligence to make their case. CBS News medical contributor Dr. Céline Gounder explains.
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.
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.
Jury deliberations are underway in a landmark social media trial about addiction claims. CBS News correspondent Carter Evans has the details.
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 song is that of a humpback whale and was recorded by scientists in March 1949 in Bermuda, researchers said.
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.
A jury on Monday found Kouri Richins, a Utah mom who wrote about grief, guilty of murder in the fatal poisoning of her husband. CBS News reporter Andres Gutierrez has more.
Jurors delivered their verdict Monday in the trial of Kouri Richins, a Utah mother accused of murdering her husband and later publishing a children's book about grief.
Closing arguments are expected to begin on Monday in Kouri Richins' murder trial. She's accused of giving her husband a deadly dose of fentanyl four years ago before she later published a children's book about grief. The case included 13 days of testimony, but the defense did not call any witnesses. If convicted, Richins could face life in prison.
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.
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.
A jury on Monday found Kouri Richins, a Utah mom who wrote about grief, guilty of murder in the fatal poisoning of her husband. CBS News reporter Andres Gutierrez has more.
Trump calls for other countries to help open Strait of Hormuz; White House chief of staff Susie Wiles diagnosed with breast cancer.
For years, CBS News' own Steve Hartman and photographer Lou Bopp documented the bedrooms of children killed in school shootings. The resulting film, "All the Empty Rooms," just won an Oscar. Tony Dokoupil has more.
With the spring and summer travel seasons on the horizon, many are wondering how worried to be about long security lines at the airport. Brian Kelly, founder of The Points Guy website, joins to discuss.
Since the start of the U.S. and Israel's war with Iran just over two weeks ago, 500 tankers have been stuck by Iran in the Strait of Hormuz. Imtiaz Tyab reports.