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.
Unemployment
White House signals GOP states can end enhanced benefits early
At least 25 states have announced they will end enhanced federal unemployment benefits in June and July, ahead of the benefits' September expiration date.
U.S. economy adds 559,000 jobs in May
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.
Unemployment rate down to 5.8%
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.
Many unemployed despite economic projections
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.
Unemployment claims dip to another pandemic low
The number of people of filing for weekly jobless aid has dropped for five straight weeks as layoffs slow.
385,000 file for unemployment aid last week
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.
She owes $581,000 in student loans — the bill is coming due
A government moratorium on federally backed college debt expires on December 31. Student loan borrowers are worried.
Americans waited weeks for jobless aid, federal watchdog finds
Self-employed people waited an average of five weeks for their first check, while some long-term unemployed waited months.
GOP governors move to end enhanced unemployment benefits
A growing number of GOP governors have said they will end increased unemployment insurance benefits, citing workforce shortages.
One state reckons with ending pay boost for 90,000 unemployed
Mississippi is one of the poorest states in the country, with many jobless on the sidelines as low-paying jobs go unfilled.
Gig workers to lose unemployment benefits
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.
Gig workers to lose all jobless benefits in 20 GOP states
Starting June, about 1 million freelancers in states from New Hampshire to Texas will be shut off from all jobless aid.
Initial jobless claims fall to a pandemic low
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.
Labor Department looks for solutions as states end unemployment benefits
An official told CBS News the federal government paying the benefits to some unemployed Americans directly is "pretty much off the table."
3.8 million could see their unemployment benefits end
Some progressives say the Labor Department could continue federal benefits to some of the workers not eligible for state unemployment benefits.
One mom frets as extra jobless aid ends. "Either way, I lose."
Extra federal assistance "keeps the lights on and food on the table," another worker says as his state ends funding.
Unemployment claims hit pandemic low
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.
Weekly jobless claims fall to pandemic low as layoffs ease
Some 444,000 Americans filed for unemployment benefits last week as employment prospects continue to brighten.
IRS sending refunds to those who overpaid tax on unemployment benefits
As many as 10 million people who filed taxes before the American Recovery Plan was passed could be receiving tax refunds.
Advice for workers considering career change
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.
States offering cash bonuses to people who return to work
Connecticut, Oklahoma and Montana are offering cash to those who get full-time jobs and keep them for several weeks.
Initial jobless claims fall to new pandemic low
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.
Biden to talk infrastructure with Republicans
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.
Jobless claims fall to pandemic-era low as layoffs ease
Fewer than 600,000 people filed for first-time benefits last week, but nearly 17 million are still receiving assistance.
FlyDubai co-pilot was likely lone wolf, Israeli investigators believe
Experts are training AI on how to do their jobs
Only On CBS
The Alito Court: A rare interview with the influential Supreme Court justice
Sen. Tillis worries about the "outsized influence" of the executive branch
Key Biden aide recalls "draconian measures" being considered against Israel
CBS News poll finds Democrats maintain House advantage amid concern about prices
First on CBS
FBI arrests woman accused of surveilling Taiwanese president's son for China
U.S. military removes bombers from U.K. air base following security incident
Live