Jobless claims hold steady, with more than 1M seeking aid
Roughly 751,000 Americans applied for first-time unemployment benefits last week as job growth loses speed.
Unemployment
Hiring is biggest issue for employers of high-risk businesses
Dental assistants, massage therapists and house cleaners are in high demand but applicants find the work too risky.
Weekly jobless claims down, GDP rebounds
Two new economic reports reflect the impact of the ongoing coronavirus pandemic. The Labor Department says 751,000 Americans filed first-time unemployment claims for the week of October 24th, down 40,000 from the previous week. Also, U.S. GDP rebounded after a historically low second quarter. Bankrate's Washington bureau chief and senior economic analyst Mark Hamrick joins CBSN to discuss what this means for the economy and the potential impact on the 2020 election.
Swing states offer clues to state of the economy
CBS MoneyWatch senior reporter Stephen Gandel joins CBSN to discuss how economic conditions triggered by the coronavirus pandemic may play a key role in this year's election.
Unemployment in a tough job market
As a result of the pandemic, more than 22 million Americans have lost their jobs in March and April. Though about half of those laid off are working again, others are struggling to find new roles. "CBS This Morning" spoke with several workers who were faced with unemployment and a tough job market, but have made strides in order to find new careers. LinkedIn Editor-in-Chief Dan Roth also joins the show after a new LinkedIn survey found 39% of people who became jobless during the pandemic feel anxious, and 46% have lied about being out of work.
Americans face food insecurity amid pandemic
Some 23 million Americans are still without work amid the coronavirus pandemic, which is causing many families to struggle to feed their loved ones. Mark Strassmann takes a look.
Americans applying for jobless aid drop to 787,000
Fewer workers are filing for first-time unemployment benefits, a sign the COVID labor market is picking up.
New jobless claims dropped last week
According to the Labor Department, 787,000 Americans filed first-time unemployment claims last week, down 55,000 from the previous week. Mark Hamrick, Washington bureau chief and senior economic analyst at Bankrate, joins CBSN to discuss what this means for the economy, and the impact it could have on the 2020 election which is now less than two weeks away.
Weekly jobless claims lowest since pandemic began
787,000 Americans filed unemployment claims for the first time last week, the lowest number since March 14. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to discuss the long-term implications of the unemployment problem.
10/20/20: Red and Blue
Two weeks to go in the 2020 Presidential election; Whose vote counts this year and whose might not?
Workers being laid off twice as COVID ripples through economy
As PPP business loans run out, economists see a second wave of layoffs. "It feels completely arbitrary," said one worker made jobless.
Americans frustrated over stimulus negotiations
Frustration is growing as Congress tries to agree on money for coronavirus testing, unemployment benefits and schools. Janet Shamlian reports.
Fauci on what would warrant national lockdown
One of the leading voices on the pandemic, Dr. Anthony Fauci favors public health measures over a national lockdown. See the interview, Sunday on "60 Minutes."
Pfizer won't seek vaccine authorization before election
Pfizer announced Friday it will apply for FDA emergency use authorization for its COVID-19 vaccine "soon after the safety milestone is achieved in the third week in November." Meg Oliver has details.
As jobless aid expires, "People are going to become desperate"
Many jobless workers are learning their benefits are expiring even as the job market remains tough.
Number of Americans applying for jobless aid jumps
Nearly 900,000 people applied for unemployment last week, a sign the U.S. labor market is cooling.
Jobless claims increased last week
For the first time in four weeks, the U.S. saw an increase in the number of Americans filing for first-time unemployment benefits. Mark Hamrick, Washington bureau chief and senior economic analyst at Bankrate, joins CBSN with the latest jobs numbers.
Trump says Biden would cause depression despite economists' forecast
Democratic win would lead to "economic disaster," the president claims, also touting his record on trade.
Airline furloughs could deal blow to economy
Tens of thousands of airline workers are out of jobs over the weekend, as the federal government's $25 billion payroll support program expires along with a ban on airline job cuts. While there is still a chance for more aid from Congress and the White House, the enormous number of furloughs already seen could deal a major blow to the overall economy. Kris Van Cleave reports.
Pandemic likely to lead to teacher shortages
The job shortage in the education sector is already creating challenges for families, teachers and staff amid the coronavirus pandemic. But schools across the nation could face a much larger crisis if lawmakers on Capitol Hill don't pass a new stimulus package. CBSN’s Lana Zak spoke with American Federation of Teachers president Randi Weingarten about the impact this would have on education.
10/8/20: Red and Blue
Trump says he won't participate in next debate; New poll shows Arizona Senate race heating up
Breaking down the latest jobless numbers
According to the Department of Labor's latest jobs report another 840,000 Americans filed for first-time unemployment benefits last week. Mark Hamrick, Washington bureau chief and senior economic analyst at Bankrate, joins CBSN to discuss the impact.
840,000 new U.S. jobless claims
Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to explain what the new claims mean for the state of the economy and what to do if unemployment benefits have been delayed.
Trump urges Congress to pass coronavirus stimulus bill
One day after calling off stimulus talks, President Trump wants Congress back at the bargaining table on a set of standalone bills. Nancy Cordes has the latest.
Trump returns to Oval Office
President Trump has returned to the Oval Office after his COVID-19 diagnosis. CBS News political correspondent Ed O'Keefe, CBSN political reporter Caitlin Huey-Burns, and Boston Globe deputy Washington bureau chief Liz Goodwin spoke to "Red and Blue" host Elaine Quijano about why the president is insistent on returning to work despite likely still being contagious.
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