Unemployment rate fell to 11% in June, with 4.8M jobs added
Business reopenings spurred a return to work last month, but many hirings are now on hold again as COVID cases rise.
Unemployment
June unemployment drops to 11.1%
The economy added another 4.8 million jobs in June, dropping the new unemployment rate to 11.1%. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss whether the data indicates the beginning of economic recovery.
Extra $600 in unemployment aid may end a week early for some
CARES Act directs money to run through July 31. But the fine print says some states will cut it off a week earlier.
Unemployment claims fall slightly
Nearly 1.5 million Americans filed for unemployment last week even as more states reopened their economies. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to break down the numbers.
Jobless claims barely fell last week, a sign recovery is stalling
Nearly 1.5 million Americans filed for unemployment as the coronavirus continues to hurt the job market.
Dallas Fed president sees high unemployment through 2020
Dallas Federal Reserve Bank President Robert Kaplan says the unemployment rate could be "as high as 8% or more" at the end of 2020.
COVID Chronicles: How casinos are adapting
Casinos in Las Vegas and other cities in Nevada reopened earlier this month, allowing the gaming industry to bring some of its employees back to work. Undocumented workers there were hit especially hard by unemployment. In Michigan, casinos remain closed, leaving workers desperate. CBS News 2020 campaign reporters Alex Tin and Adam Brewser join CBSN's Lana Zak with a look at those situations in this edition of "COVID Chronicles."
Fed predicts long road to economic recovery
The Federal Reserve says it does not expect unemployment to reach pre-coronavirus lows until 2022 at the earliest. The Central Bank is predicting a 9.3% unemployment rate at year's end and a 6.5% unemployment rate at the end of 2021. The Washington Post's economic correspondent Heather Long joined CBSN to discuss the Fed's expectations.
How 3 crises are challenging U.S. today
Americans are currently facing the convergence of a pandemic, economic crisis, and impassioned conversation about race. Elaine Quijano discusses this with CBS News correspondent Nikole Killion; CBSN political reporter Caitlin Huey-Burns; CBSN political contributor and Democratic strategist Joel Payne; and Republican strategist Joseph Pinion, for a special edition of "Red and Blue."
1.5 million applied for unemployment aid last week
1 in 6 Americans in the workforce is now receiving jobless benefits, with tens of millions unemployed.
Another 1.5 million file for unemployment
The Labor Department says another 1.5 million workers filed for jobless aid last week. CBS News business analyst Jill Schlesinger breaks down the numbers.
1.5 million jobless claims filed last week
More than 1.5 million Americans filed for unemployment last week, bringing the total jobless claims to over 44 million in the last 12 weeks. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to explain why weekly job losses continue despite a big gain in May and why the Labor Department's own data is confusing.
Impact of latest unemployment numbers
More than 2 million Americans either filed unemployment claims or sought aid for the self-employed last week. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to talk about the new numbers and progress towards reopening the economy.
Another 1.5 million Americans filed for unemployment
While the pace of layoffs around the country has declined, 30 million Americans are receiving jobless aid.
Fed says 15 million Americans will remain jobless by year-end
Central bank expects unemployment to remain above by 9% by year-end and for joblessness to remain elevated into 2022.
What's really behind the startling dip in U.S. unemployment?
Although the job market has likely touched bottom, how fast it breaks for the surface is anyone's guess.
Criminals stealing billions of dollars in unemployment funds
Some fraudsters are targeting people with false job offer and phony assistance filing for jobless aid.
Trump: strong economy will help race relations
President Trump said Friday that May's jobs report is the first step in the country's comeback from the coronavirus pandemic; and that it will help race relations. CBS News chief Washington correspondent Major Garrett, CBSN political contributor and Democratic strategist Joel Payne and Republican strategist Joseph Pinion join CBSN to discuss.
Recent graduates face uncertain future
The future is uncertain for many who recently graduated from college, trade schools or vocational programs. The coronavirus pandemic has led to an economic downturn, and many companies are now on a hiring freeze, and even rescinding job offers. CBS News campaign reporters Cara Korte and Zak Hudak spoke with some of these students whose lives are now in limbo.
Analyst breaks down May jobs report
The U.S. economy added 2.5 million jobs in May, stunning experts who anticipated losses on the scale of the Great Depression. Jill Schlesinger joins "CBS This Morning: Saturday" to discuss the new 13.3% unemployment rate and the outlook for Americans and the country as it recovers from the coronavirus pandemic.
Trump touts jobs report amid U.S.-wide unrest
President Trump appeared energized at a Friday press conference where he touted the latest jobs report, which says the U.S. economy added 2.5 million jobs last month. This comes at the end of a week of harsh criticism from both sides of the aisle for the president, over his response to protests and racial issues roiling the country. Ben Tracy reports on the latest from Mr. Trump at the White House.
Trump hails drop in unemployment rate
President Trump is hailing a surprising drop in the unemployment rate. Paula Reid reports.
Unemployed African Americans feel virus' impact
The good news on the unemployment rate wasn't felt by all Americans. For black workers, the rate continued to rise in May. Mark Strassmann reports.
Florida businesses cautiously re-open
Many states, including Florida, are continuing to re-open businesses despite reports of increasing coronavirus infections. Manuel Bojorquez reports.
2020 Daily Trail Markers: Biden hits Trump for George Floyd comments
"Hopefully, George is looking down right now and saying this is a great thing that's happening for our country," President Trump said Friday.
Live
Vance says no agreement reached after marathon session of direct talks with Iran
Vice President JD Vance told reporters that "we have not reached an agreement" following face-to-face talks with Iranian leaders and Pakistani negotiators.
U.S. naval destroyers have crossed the Strait of Hormuz, CENTCOM says
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
Pope Leo issues latest rebuke of Iran conflict: "Enough with war!"
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
First glimpse of 2028 Democratic field at National Action Network Convention
A horde of 2028 Democratic presidential hopefuls attended Al Sharpton's National Action Network conference, nearly two years before the first primary votes will be cast.
Is Hungarian leader and MAGA darling Viktor Orbán about to be ousted?
The latest polls indicate that Viktor Orbán, an international ally of President Trump, and his Fidedz party are trailing the rival Tisza party.
Dems call on Swalwell to drop out of gov race amid sexual assault allegations
The woman alleged the California gubernatorial candidate sexually assaulted her twice when she was too drunk to consent.
U.S. set to deport family of Iranian propagandist "Screaming Mary"
The State Department said on Saturday it has revoked the green cards and detained the family of the Iranian regime propagandist known as "Screaming Mary."
Man with machete fatally shot at Grand Central after slashing attack, NYPD says
A man with a machete slashed and injured three people at Grand Central Station on Saturday before he was fatally shot by police, officials said.
U.S.
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Remains of missing woman discovered in hidden grave decades later
Kimberly Langwell, a mom in Beaumont, Texas, had dinner plans with her teenage daughter and boyfriend on July 9, 1999 – but she never came home from work. It would take more than 20 years before one man's long-kept secret would expose her killer.
Pope Leo issues latest rebuke of Iran conflict: "Enough with war!"
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
U.S. naval destroyers have crossed the Strait of Hormuz, CENTCOM says
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
U.S. set to deport family of Iranian propagandist "Screaming Mary"
The State Department said on Saturday it has revoked the green cards and detained the family of the Iranian regime propagandist known as "Screaming Mary."
At age 102, a New York man is still striving for perfection, through pottery
George Strausman of Great Neck, New York, is 102 years old and still works four days a week in his family's construction business. But it's what he does on his day off that is even more remarkable.
MoneyWatch
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Tesla wins Dutch approval to use self-driving features, a first for Europe
The Netherlands' decision now goes to the European Commission for full authorization.
Anthropic's Mythos AI can spot flaws in almost every computer on earth. Uh-oh.
Could powerful AI models like Anthropic's Mythos give cybercriminals and other bad actors a roadmap for exploiting tech systems?
IMF chief concerned about Anthropic cybersecurity risks: "Time is not our friend"
Kristalina Georgieva, the head of the International Monetary Fund, called on key institutions to work together to manage cybersecurity risks.
Bessent, Fed's Powell met with bank CEOs over potent new Anthropic AI
Financial industry leaders met to discuss potential cyber risks posed by Anthropic's latest AI model, which has found weaknesses in every major computer operating system.
Why a Strait of Hormuz "toll" would pose economic and geopolitical risks
Energy industry experts warn that allowing Iran to charge ships to ensure safe passage through the strait would raise energy costs.
Politics
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Judge told to reconsider security implications of halting White House ballroom
The U.S. Court of Appeals for the District of Columbia Circuit said it did not have enough information to decide how much of the project can be suspended without jeopardizing the safety of the president.
First glimpse of 2028 Democratic field at National Action Network Convention
A horde of 2028 Democratic presidential hopefuls attended Al Sharpton's National Action Network conference, nearly two years before the first primary votes will be cast.
Is Hungarian leader and MAGA darling Viktor Orbán about to be ousted?
The latest polls indicate that Viktor Orbán, an international ally of President Trump, and his Fidedz party are trailing the rival Tisza party.
Dems call on Swalwell to drop out of gov race amid sexual assault allegations
The woman alleged the California gubernatorial candidate sexually assaulted her twice when she was too drunk to consent.
IMF chief concerned about Anthropic cybersecurity risks: "Time is not our friend"
Kristalina Georgieva, the head of the International Monetary Fund, called on key institutions to work together to manage cybersecurity risks.
HealthWatch
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A teen athlete's headache wouldn't stop. It took a year to find a cure.
Jack Alston was used to migraines, but after two concussions in middle school, he was stuck with a headache that wouldn't go away.
Medicaid work rules will stress states' staffing capacity
Some states already don't have enough staff to quickly process Medicaid applications and answer enrollees' phone calls. Researchers say they may not be prepared to handle new Medicaid work rules, predicting people will lose coverage as a result.
Exclusive
2 more drug companies to officially launch on TrumpRx
Two more drug-making giants, Abbvie and Genentech, will start selling popular medications on the White House's discounted pharmaceutical site as soon as Monday.
Social media driving teens toward steroids, extreme body transformations
Behind some of the viral physiques lies a troubling trend: the use of a powerful drug never approved for humans.
Scientist with rare ALS genetic mutation looks to experimental treatment
Every few months for the past three years, Jeff Vierstra has been receiving infusions in his spine that target and disable a mutated gene that made it likely he would develop ALS.
World
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Pope Leo issues latest rebuke of Iran conflict: "Enough with war!"
Pope Leo XIV offered his strongest condemnation yet of the war in Iran on Saturday, appearing to take multiple veiled shots at President Trump.
U.S. naval destroyers have crossed the Strait of Hormuz, CENTCOM says
The destroyers were beginning mine-clearing operations in the vital waterway, U.S. Central Command said Saturday.
Authorities seize 5 tons of cocaine from banana, wine shipments
The drugs were seized at London Gateway, a deep-sea container port about 30 miles from London.
U.S. set to deport family of Iranian propagandist "Screaming Mary"
The State Department said on Saturday it has revoked the green cards and detained the family of the Iranian regime propagandist known as "Screaming Mary."
Tesla wins Dutch approval to use self-driving features, a first for Europe
The Netherlands' decision now goes to the European Commission for full authorization.
Entertainment
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Entertainment
04/11: Saturday Morning
The Artemis II crew is back on Earth after a successful splashdown. Meanwhile, the world awaits results of U.S. and Iranian talks in Pakistan.
Marking 50 years since a key pinball moment
Journalist Roger Sharpe is known as the "The Man Who Saved Pinball," after he helped overturn New York City's 35-year ban on the game. "CBS Saturday Morning" sits down with Sharpe to discuss the 50th anniversary of a key moment in pinball history.
Levy Rozman on new book "Chess for Babies"
Chess master Levy Rozman join "CBS Saturday Morning" to discuss his newest book, "Chess for Babies," and how his online presence is changing the way people learn to play the game.
Theo Lawrence performs "Dear Pillow"
Theo Lawrence grew up outside of Paris, but developed his love for American country music by checking out records at his local library. He moved to Texas in 2023 and released his debut album, "Cherie." His next adventure is a coast-to-coast tour, including a stop at Nashville's Ryman Auditorium with Alison Krauss & Union Station. Here's Theo Lawrence performing "Dear Pillow."
Theo Lawrence performs "California Poppy"
Theo Lawrence grew up outside of Paris, but developed his love for American country music by checking out records at his local library. He moved to Texas in 2023 and released his debut album, "Cherie." His next adventure is a coast-to-coast tour, including a stop at Nashville's Ryman Auditorium with Alison Krauss & Union Station. Here's Theo Lawrence performing "California Poppy."
Technology
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Technology
Why new AI model is considered too powerful
Anthropic has announced that it is teaming up with industry competitors to "secure the world's most critical software" from its own AI model, Mythos. New York Times reporter Mike Isaac joins "The Takeout" with more.
Anthropic's Mythos AI can spot flaws in almost every computer on earth. Uh-oh.
Could powerful AI models like Anthropic's Mythos give cybercriminals and other bad actors a roadmap for exploiting tech systems?
How AI powered robots are helping small farms
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.
How does Gen Z feels about AI?
A study by Gallup and the Walton Family Foundation looked into how Generation Z feels about using AI. Callie Holtermann, a reporter for The New York Times, joins CBS News with more.
How to stay ahead of AI in your career
A recent CBS News poll found 66% of Americans believe AI will decrease jobs. LinkedIn CEO Ryan Roslansky and chief economic opportunity officer Aneesh Raman share insights on the skills that professionals need to stay ahead of AI at work.
Science
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First major forecast for 2026 Atlantic hurricane season is released
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
Creature thought to be world's oldest octopus isn't an octopus after all
Scientists have found evidence that a 300-million-year-old sea creature previously thought to be the world's oldest octopus is actually a nautilus relative.
March smashed heat records in several ways, federal data shows
Last month was the hottest March on record for the Lower 48 states, by the most for any month ever, federal data shows. And a forecast El Niño could heat Earth even more.
Emperor penguins listed as endangered species
The emperor penguin has been declared an endangered species as climate change pushes the icon of Antarctica a step closer to extinction, the global authority on threatened wildlife says.
Stunning photos from Artemis II show Earth, moon, eclipse from space
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Crime
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Remains of missing woman discovered in hidden grave decades later
Kimberly Langwell, a mom in Beaumont, Texas, had dinner plans with her teenage daughter and boyfriend on July 9, 1999 – but she never came home from work. It would take more than 20 years before one man's long-kept secret would expose her killer.
Authorities seize 5 tons of cocaine from banana, wine shipments
The drugs were seized at London Gateway, a deep-sea container port about 30 miles from London.
Latest on woman missing in the Bahamas
Lynette Hooker was reported missing in the Bahamas one week ago by her husband, Brian, who said she fell off their boat. Hooker was arrested on Thursday in connection to his wife's disappearance. "CBS Saturday Morning" speaks with people who knew the couple to learn more.
Malnourished boy found locked in utility van since 2024, police say
A 9-year-old boy was rescued this week after living locked in his father's utility van in eastern France since 2024, according to the local prosecutor.
DHS investigates killing of gas station clerk
The U.S. Department of Homeland Security has been drawn into the case of a woman who was killed in a hammer attack last week at a gas station in Fort Myers, Florida, after a Haitian immigrant was taken into custody on homicide charges in connection with the attack. Nicole Valdes has the latest.
Space
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Artemis II astronauts welcomed home to Houston after historic moonshot
The Artemis II astronauts flew back to the Johnson Space Center in Houston Saturday to cheers and applause from family members and hundreds of NASA workers.
9 highlights from Artemis II's epic journey around the moon
The Artemis II crew's nine-day moon mission set a record for the farthest any human has ever traveled from Earth. Here's a look at the key moments.
Artemis II crew splashes down to end historic moon mission
NASA's Artemis II astronauts returned to Earth with a splashdown landing in the Pacific Ocean after making a high-speed reentry through the atmosphere.
How an 8-year-old designed a zero-gravity indicator for Artemis II
The development of the mission mascot and viral sensation Rise began over a year before Artemis II blasted off.
As Artemis II heads back to Earth, crew stakes their lives on the heat shield
Despite problems during the unpiloted Artemis I reentry, the Artemis II crew is confident their heat shield will protect them during a fiery descent to Earth.
Latest Galleries
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Notable Deaths in 2026
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Evidence in the Barbara Kendhammer case
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
The life & near death of prizefighter Christy Salters-Martin
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Timeline: The disappearance of George Smith
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Who is Alix Tichelman?
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
Latest CBS News Videos
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Latest CBS News Videos
Spectators react to splashdown
CBS News reporter Jared Ochacher reports on the Artemis II crew's splashdown from San Diego. He spoke with some folks who watched from the Fleet Science Center.
JD Vance: U.S. and Iran did not make a deal
Vice President JD Vance spoke in Islamabad, Pakistan, where he participated in negotiations with Iranian officials over the ongoing conflict.
Artemis II crew returns to Houston
The Artemis II astronauts spoke following the successful completion of their mission. They splashed down on Friday night off the coast of San Diego. Retired Lieutenant Colonel David Mahan joins CBS News to discuss.
Artemis II crew speaks after landing on Earth
The Artemis II crew spoke publicly for the first time after their successful mission at the Ellington Field Joint Reserve Base in Houston, Texas.
Iran proposes Strait of Hormuz toll
Iran is reportedly planning to charge ships crossing the Strait of Hormuz a toll. CBS News contributor Joe Zacks has more.