Unemployed people who overpaid taxes to get refunds in May
If you filed taxes before Congress passed a law that exempted unemployment benefits, the IRS will automatically refund the overpayment.
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If you filed taxes before Congress passed a law that exempted unemployment benefits, the IRS will automatically refund the overpayment.
The U.S. unemployment rate fell to 5.5 percent after employers added 295,000 jobs in February. The news sent the markets down, as Wall Street worries the improving jobs picture will lead the Fed to raise interest rates. Anthony Mason reports.
Analysts expect the unemployment rate to fall in this months job report. And, major banks pass the Federal Reserve's annual stress test. Wendy Gillette reports on the day's top MoneyWatch headlines.
President Obama says his State of the Union address will focus on making sure every American shares in the country's economic resurgence.
As a grand jury considers whether to indict the police officer who shot unarmed teenager Michael Brown in Ferguson, Missouri, Brown's death has drawn intense scrutiny to the racial imbalances in the St. Louis suburb. Its mostly African-American community is struggling with high rates of unemployment and poverty. Omar Villafranca visited Ferguson for a closer look at the problems.
The police shooting of unarmed teenager Michael Brown in Ferguson, Missouri, has put the St. Louis suburb under a microscope. It's a community with enormous challenges, including a housing crisis that has thousands of homeowners struggling to hang on. Omar Villafranca reports.
President Obama says the economy is growing, but wages aren't keeping pace, urging Republicans to support a minimum wage hike.
Investors are watching to see if the markets make more gains after encouraging jobs numbers. Also, Marriott will pay $600,000 in fines for jamming the Wi-Fi at a conference in Nashville, Tennessee.
Economists expect the number of Americans on unemployment benefits to keep falling as the economy rebounds.
After a quarter center of the Atlantic City, New Jersey, boardwalk, the Showboat Casino closed its doors. And, with two more casinos closing in the coming weeks, what will become of the gambling city? Anne Marie-Green reports.
Furard Tate, chef and founder of Inspire BBQ, was forced out of his space in a gentrifying D.C. neighborhood, but his mission to help the community continues. CBS News' Jacqueline Alemany reports.
Job openings across the U.S. are at their highest level since 2001. CBS MoneyWatch contributor Anthony Mirhaydari says that should help lift workers' wages and speed the economic recovery.
CBS News contributor and analyst Mellody Hobson joins “CBS This Morning: Saturday” to discuss a week filled with good and bad news for the economy.
With hopes that the nation's economic recovery is entering a new phase, the big question among investors is whether consumers will boost their spending. There were signs that moods are improving. Jill Schlesinger has that and more in her look at the business week ahead.
President Obama praises Friday's unemployment report, which showed the U.S. economy adding 209,000 jobs in July, but says Congress could do more to help the economy.
Wall Street looking for a rebound as the Labor Department releases its unemployment report. Also, A new Gallup poll shows Americans are more unhappy with the economy than they have been in months. Wendy Gillette reports on the day's top MoneyWatch headlines.
The recession may have slowed somewhat, but millions of Americans find themselves in hock to creditors. Many Americans who suffered economic hardships, including unemployment, are finding it hard to chip away at their debt. Anthony Mason reports.
The Fed is widely expected to announce another cut to its bond-buying program to stimulate the economy. Jill Schlesinger has that and more in her look at the business week ahead.
When stock market trading resumes after the July Fourth holiday, the Dow Jones will open above 17,000 for the first time, thanks to a surge after a better-than-expected June jobs report. Max Wolff, chief economist at financial advisory firm Citizen.VC, talks to the "CBS This Morning" co-hosts about what the positive numbers mean.
With a surge in June hiring, the U.S. economy appears to be gaining momentum as nearly 1.4 million jobs have been created this year. The U.S. economy added 288,000 jobs for the month of June, dropping the unemployment rate to 6.2 percent. Anthony Mason reports.
President Obama marked the better-than-expected jobs report on Thursday by delivering an economic pep talk at a hub for technology startups in Washington, D.C.
The Dow Jones surged above 17,000 after a stronger-than-expected June jobs report that showed the economy gained more than 200,000 jobs for the fifth straight month. Margaret Brennan reports.
U.S. unemployment numbers are being released a day early due to the July 4th holiday. Plus, Target is asking customers to not bring guns in their stores. Jill Wagner reports on the day's top MoneyWatch headlines.
After a weaker-than-expected report on housing starts and a slump in mortgage activity, investors are awaiting data on new and existing home sales activity as well as prices. While the housing market has slowed notably in the first half of the year, many economists believe that it should recover from its current soft patch in the second half of the year and beyond. Jill Schlesinger has that story and more in her look at the business week ahead.
The government says the unemployment rate fell in 20 states in May while nearly three-quarters of states added jobs. The biggest unemployment rate drops were in Illinois and Massachusetts. Rhode Island has the nation's highest unemployment rate. Jericka Duncan has that story and more MoneyWatch headlines.