Boston Fed chief predicts double-digit unemployment through 2020
Eric Rosengren said the reason the unemployment rate will remain high is because the industries that have been battered most by the coronavirus rely on the comfort of consumers.
Unemployment
Boston Fed predicts "double- digit unemployment" through end of 2020
Eric Rosengren says a vaccine is needed to have unemployment levels to return to pre-covid rates.
Meet the "Food Fairy" of Philadelphia
Access to food has been one of the greatest concerns for many after the coronavirus pandemic shuttered businesses and forced millions into unemployment. Michelle Miller speaks to one Philadelphia resident who took on the task of helping her community, delivering hundreds of meals to families in need -- earning hear the nickname, "Food Fairy." Miller follows Sam Samuel for the "CBS This Morning: Saturday" series, The Dish.
Workers have leverage in strong job market
Last month the U.S. unemployment rate fell to its lowest point in half a century. NPR chief economics correspondent Scott Horsely spoke to CBSN about what we can and can't take away from that figure about the health of the economy, and what it might mean for the 2020 campaign.
Dressbarn to shut down all stores
Dressbarn has announced that it will close all of its about 650 store nationwide, meaning thousands could be out of a job. More and more retailers are closing brick and mortar stores. So far this year, more than 7,000 locations are set to shutter, which has already exceeded 2018. However, unemployment in the country continues to fall, and hit a 50-year low in April. Mark Muro, Senior fellow and policy director, Metropolitan Policy Program at Brookings Institute, joined CBSN to discuss.
Another 4 million Americans file for jobless aid
Layoffs continue two months after broad shutdowns started, dampening hopes for a swift recovery.
Over 38 million in U.S. file jobless claims
More than 38 million Americans filed for unemployment over the last nine weeks. CBS News business analyst Jill Schlesinger joins "CBS This Morning" to discuss what this means for overall unemployment and new projections about how long the financial fallout could last.
More than 40 million jobless in pandemic
Over the course of the coronavirus pandemic, more than 40 million Americans have been forced out of work. Frances Stacy, director of portfolio strategy at Optimal Capital, joined CBSN to talk about the latest numbers.
How China trade war may slow economic growth
President Trump is trying to calm weary investors as he plans to tout low unemployment in his push for reelection in 2020. But this centerpiece of his campaign effort comes as some economists warn of another recession taking shape. Nearly 70% of CFO's said they fear a recession will happen by the end of next year, according to a survey from Duke University. Paula Reid reports.
Why do so many Americans have "side hustles"?
Even with unemployment at a 50-year low, 43% of full-time employees say they have a job outside of their primary work, according to a Bank Rate survey in June. Taking on an extra job for money or experience is often called having a “side hustle.” CBS News business analyst Jill Schlesinger joins “CBS This Morning” to discuss why so many Americans have second jobs.
CBO predicts high unemployment for years to come
The U.S. job market has seen its worst shock since the 1930s, the independent budget watchdog writes.
Hiring surged in October
Employers added a surprisingly high number of jobs in October as the economy shrugged off a 40-day strike by autoworkers. CBS News' Reena Ninan has more.
For many workers, unemployment pays better than their former jobs
Millions of Americans will collect more in jobless aid than they did while they were working, economists find.
Uber laying off thousands more workers as rides plunge 80%
CEO Dara Khosrowshahi says the coronavirus is a "once-in-a-generation public health and economic crisis."
Lost your job? Consider becoming a "contact tracer"
Health agencies are looking for thousands of people to help beat the coronavirus — medical experience not required.
ICYMI: Top takeaways from this week's "Face the Nation"
This week we sat down with HHS Secretary Alex Azar, House Speaker Nancy Pelosi, Gary Cohn and FDA Commissioner Dr. Scott Gottlieb for the latest on the battle against COVID-19.
Face The Nation: Cohn, Gottlieb, Babineaux-Fontenot
Missed the second half of the show? The latest on unemployment, the coronavirus symptoms among kids and Feeding America is seeing a spike in demand amid pandemic.
Gary Cohn calls for drawdown of expanded unemployment aid
The former White House economic adviser said the government should need "transition out of the extraordinary measures that were justifiable 60 days ago, 90 days ago, into the real world of what is the continuous definition of unemployment."
Retail sales plummet as states look to reopen
Dismal retail sales numbers and roughly 11.4 million layoffs are pressuring local governments to reopen, whether public health officials recommend it or not. Industry watchers are hoping for a resurgence as retailers in two-thirds of U.S. states reopen for business, with social distancing guidelines in place. Michael George takes a look at how businesses in these states are trying to get up and running again.
U.S. added 225,000 jobs in January
A surprisingly warm January led to strong hiring, with jobs gains in the areas of construction and leisure and hospitality. CBS News' Vladimir Duthiers has the numbers.
Auto workers to return to work, providing hope in jobs crisis
About 133,000 U.S. workers will soon return to assembly plants that will open in the next week.
S.C. has a low unemployment rate. Here's how.
South Carolina is getting a lot of attention — but not only because of its primary. The Palmetto state is booming, and while wages are generally low, the right-to-work state boasts one of the lowest unemployment rates in the country. Nikole Killion reports.
Women hit hardest by unemployment
Women are far more likely than men to work in part-time, low-paid jobs or jobs with tips, and many were struggling to make ends meet before the crisis hit. Anna Werner reports.
Why pandemic job losses are hitting women harder than men
"You think about who teaches, you know, grade school kids? Who works at a daycare center? Health care, who typically works in a doctor's office?" economist Diane Lim said.
Wall Street ends worst week since 2008 crisis
The Dow and NASDAQ’s Friday closing numbers marked the end of U.S. markets’ worst week since the 2008 financial crisis. The economic fallout has also lead to massive layoffs and predictions of an unprecedented slowdown. Jill Schlesinger joins “CBS This Morning: Saturday” to break down the latest financial information.
Live
Vance says no deal 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
Kimberly Langwell's Hidden Grave
A mother disappears leaving her young daughter in despair. Decades later, information leads to a secret grave. "48 Hours" correspondent Peter Van Sant reports.
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.