Most companies have used layoffs to ax underperforming employees, survey finds
A new survey from Resume Builder suggests that some employers have masked the true reason why layoffs took place.
Unemployment
Labor secretary on June jobs report, Biden
The U.S. economy added 206,000 jobs in June, according to data released by the Bureau of Labor Statistics. Acting Labor Secretary Julie Su joined CBS News to discuss the June jobs report as well as the ongoing questions about President Biden's health.
More U.S. jobs added than expected in June
The U.S. economy added 206,000 jobs in June, beating economists' expectations, according to the latest report from the Bureau of Labor Statistics. Meanwhile, the unemployment rate crept up to 4.1%, its highest point since 2021. Jeanna Smialek, Federal Reserve and U.S. economy reporter for the New York Times, joined CBS News to break down the numbers.
How to spot fake job listings online
As many as 4 in 10 companies say they have posted a job listing this year that doesn't exist, while 3 in 10 say they're currently advertising for a role that isn't real, according to a May survey of over 600 hiring managers from the career site Resume Builder. Tim Paradis, future-of-work correspondent for Business Insider, joins CBS News to explain why some companies are doing this, and how you can spot the fake postings.
Federal Reserve holds interest rates steady
The Federal Reserve is leaving interest rates unchanged for now as it awaits a more sustained period of declining inflation in the U.S. economy. CBS News contributors J.D. Durkin and Javier E. David break down the decision.
Labor market resilient despite inflation concerns
The latest jobs report showed that the U.S. added 272,000 jobs last month, significantly higher than forecasters had expected. Michael George has more.
Record-breaking heat hits U.S. and other headlines
Here are some of the top headlines of the day, including record-breaking heat from coast to coast, the latest jobs report smashes expectations, and Pat Sajak takes his last spin as host of "Wheel of Fortune." Chris Livesay, Jo Ling Kent and Carter Evans report.
How the Fed could react to May jobs report
The latest data from the Labor Department shows the U.S. added 272,000 jobs in May. The figure was much higher than economists expected, indicating that the market is not slowing down. CBS News senior business and technology correspondent Jo Ling Kent explains what the report means for the Fed's fight against inflation.
May jobs report defies expectations
A staggering 272,000 jobs were added in the U.S. last month, according to the Labor Department's May jobs report. The data beats analysts' predictions and signals hopeful news for the economy, but the unemployment rate rose to 4%. CBS News business analyst Jill Schlesinger has more.
Why many think the U.S. is in a recession
More than half of Americans believe the U.S. is in a recession, according to a Harris poll conducted for the Guardian. CBS News contributor Javier E. David discusses the data, which shows the economy is strong despite people's sentiment.
Hiring rate slows down for white-collar jobs
According to the Labor Department, job growth slowed across the U.S. in April but remained healthy. While the number of jobless claims remains historically low, a Business Insider report is warning of a possible white-collar recession. Aki Ito, chief correspondent at Business Insider, joins CBS News to explain.
Biden economic advisor on new jobs data
U.S. job growth cooled in April, according to new data by the Department of Labor. Jared Berstein, the chair of the United States Council of Economic Advisers, joins CBS News with his outlook on the new numbers.
Schools across U.S. announce teacher layoffs
American schools are facing layoffs as enrollment falls and pandemic-era aid dries up. CBS News reporter Bo Erickson has the details.
Gas, rent prices contribute to inflation
The March consumer price index indicates a third straight month of price increases, a sign the U.S. economy is still dealing with inflation. Prices in March rose 3.5% on an annual basis. CBS News senior business and tech correspondent Jo Ling Kent breaks down the data.
U.S. adds 303,000 jobs in March
New data from the Labor Department shows the U.S. added 303,000 jobs in March, beating the Dow Jones estimated gain of around 200,000 jobs. CBS News business analyst Jill Schlesinger breaks down the numbers and acting Labor Secretary Julie Su joins CBS News with her reaction.
What to know ahead of the Fed's announcement
The Federal Reserve will announce its decision on interest rates Wednesday as the U.S. continues to combat inflation. CBS News senior business and technology correspondent Jo Ling Kent breaks down what to know before the announcement.
How immigration contributes to job growth
A new study by the Brookings Institution examines the role immigration has played in allowing the U.S. job market to grow faster without stoking inflation. Betsey Stevenson, professor of public policy and economics at the University of Michigan, joins CBS News to explain how migrants contribute to job growth and U.S. demand.
U.S. adds more jobs than expected in February
The U.S. added 275,000 jobs in February, exceeding economists' expectations. Meanwhile, the unemployment rate jumped to its highest level in over two years. Javier David, managing editor for business and markets at Axios, joins CBS News to examine the numbers.
Jobs grow in February, unemployment rises
The U.S. economy added 275,000 jobs in February and the unemployment rate unexpectedly rose to 3.9% from 3.7%, according to data released Friday. CBS News business analyst Jill Schlesinger and Daniel Zhao, a lead economist and senior manager at Glassdoor, join CBS News with a look at the numbers.
Labor secretary on latest job numbers
A day after President Biden touted job numbers in his State of the Union address, the Labor Department has released its February jobs report with unemployment up to its highest level since January 2022. Acting U.S. Labor Secretary Julie Su joined CBS News to discuss the numbers.
Chairman Powell I Sunday on 60 Minutes
There is no better person to ask about the American economy than Federal Reserve Chairman Jerome Powell. This Sunday, 60 Minutes sits down with Powell to ask about the future of interest rates, whether prices will come down, and what the Fed might do next.
Labor secretary on strong January jobs report
The labor market beat expectations, adding 353,000 jobs in January, a jobs report released Friday says. Unemployment also remained below 4%. Acting Labor Secretary Julie Su joined CBS News to discuss the report, how voters feel about the economy and her department's efforts to stop child labor exploitation.
Employers added 353,000 jobs in January, blowing past forecasts
The first jobs report of 2024 shows the U.S. economy remains resilient despite the Federal Reserve jacking up interest rates.
The job market is strong. So why did layoffs double in January?
Although U.S. unemployment remains near a 50-year low, job losses have surged this month. Here's what tells about the state of the labor market.
Biden: 2023 "great year for American workers"
President Biden is taking a victory lap after a better-than-expected jobs report for December 2023. Nick Bunker, director of economic research for North America at Indeed.com, joined CBS News to discuss the state of the economy and demand for workers.
China's Xi warns Trump about "conflicts" if Taiwan isn't "handled properly"
President Trump is in Beijing meeting with China's President Xi Jinping, with the two leaders aiming to stabilize their trading relationship after last year's trade war.
Exclusive
DHS chief on ICE's role at World Cup: "We're not there to go round up" people
Secretary of Homeland Security Markwayne Mullin told CBS News that ICE arrests at the FIFA World Cup are not off the table, but the agency will not be at the global sporting event for the purpose of immigration arrests.
Live
Trump and Xi agree Strait of Hormuz "must remain open"
President Trump and China's Xi Jinping met in Beijing on Thursday, while Israel and Lebanon are set to resume peace talks in Washington.
Why Taiwan is a major flashpoint between the U.S. and China
For decades, U.S. presidents have remained steadfast in their defense of the tiny Asian ally from its neighboring giant.
Body of second U.S. soldier who went missing in Morocco recovered
The Army identified the soldier as Spc. Mariyah Collington.
Trump demands Medicaid data for deportation. Some states go further.
Several states have required their health agencies to take on another job: verifying immigration status among Medicaid recipients and reporting them to the U.S. Department of Homeland Security.
Kouri Richins sentenced in husband's fentanyl-laced cocktail murder
Utah mom Kouri Richins was sentenced to life without the possibility of parole on Wednesday, after a jury convicted her of murder and other charges in her husband's 2022 death.
Lutnick testified he knew little about Epstein, his next-door neighbor
Commerce Secretary Howard Lutnick said he was unaware for years that Jeffrey Epstein was a registered sex offender, according to a transcript of testimony released Wednesday.
Sen. Rand Paul's son confronted Rep. Mike Lawler in drunken, antisemitic rant
The senator's son apologized Wednesday, saying he was seeking help for his drinking problem.
U.S.
More U.S.
Workers are getting paid to teach AI how to do their jobs
AI companies are recruiting a wide range of temp workers, from writers to wine enthusiasts, for hourly-paid gigs to help train their language models.
Denise Powell projected to win Democratic primary in key Nebraska district
The state's electoral system was a key issue in the 2nd Congressional District primary to replace GOP Rep. Don Bacon.
Why Taiwan is a major flashpoint between the U.S. and China
For decades, U.S. presidents have remained steadfast in their defense of the tiny Asian ally from its neighboring giant.
Body of second U.S. soldier who went missing in Morocco recovered
The Army identified the soldier as Spc. Mariyah Collington.
Sen. Rand Paul's son confronted Rep. Mike Lawler in drunken, antisemitic rant
The senator's son apologized Wednesday, saying he was seeking help for his drinking problem.
MoneyWatch
More MoneyWatch
Jury awards $49.5 million to Boeing 737 MAX crash victim's family
A jury in Chicago awarded $49.5 million in damages Wednesday to the family of a 24-year-old American who perished in a 2019 Boeing 737 MAX crash.
Rare blue-green diamond sells for record $17.3 million at auction
The 5.5-carat "Ocean Dream" was found in Central Africa in the 1990s.
Workers are getting paid to teach AI how to do their jobs
AI companies are recruiting a wide range of temp workers, from writers to wine enthusiasts, for hourly-paid gigs to help train their language models.
Musk flew to China near end of OpenAI trial, after judge warned he could be recalled
Elon Musk arrived in Beijing on Wednesday, as his $150 billion lawsuit against OpenAI's Sam Altman played out. But a judge told Musk last month he may be recalled to a California courtroom for further testimony at the request of OpenAI lawyers.
AI is fabricating citations in biomedical studies, researchers find
"Your doctor could be making decisions around treatment based on studies that never existed," one expert said.
Politics
More Politics
Live
Trump and Xi agree Strait of Hormuz "must remain open"
President Trump and China's Xi Jinping met in Beijing on Thursday, while Israel and Lebanon are set to resume peace talks in Washington.
Trump demands Medicaid data for deportation. Some states go further.
Several states have required their health agencies to take on another job: verifying immigration status among Medicaid recipients and reporting them to the U.S. Department of Homeland Security.
China's Xi warns Trump about "conflicts" if Taiwan isn't "handled properly"
President Trump is in Beijing meeting with China's President Xi Jinping, with the two leaders aiming to stabilize their trading relationship after last year's trade war.
Musk flew to China near end of OpenAI trial, after judge warned he could be recalled
Elon Musk arrived in Beijing on Wednesday, as his $150 billion lawsuit against OpenAI's Sam Altman played out. But a judge told Musk last month he may be recalled to a California courtroom for further testimony at the request of OpenAI lawyers.
Denise Powell projected to win Democratic primary in key Nebraska district
The state's electoral system was a key issue in the 2nd Congressional District primary to replace GOP Rep. Don Bacon.
HealthWatch
More HealthWatch
Trump demands Medicaid data for deportation. Some states go further.
Several states have required their health agencies to take on another job: verifying immigration status among Medicaid recipients and reporting them to the U.S. Department of Homeland Security.
No Americans showing hantavirus symptoms
Jake Rosmarin is one of the 16 Americans at the University of Nebraska Medical Center being monitored for signs of hantavirus. Ian Lee spoke with him and has more details.
AI is fabricating citations in biomedical studies, researchers find
"Your doctor could be making decisions around treatment based on studies that never existed," one expert said.
New Yorker describes hantavirus quarantine experience after cruise ship outbreak
A New York native is among 16 American passengers who are quarantining in Nebraska after being on the cruise ship that is at the center of the deadly hantavirus outbreak.
Overdose deaths fall for 3rd straight year, CDC data shows
This marks the longest decline in overdose deaths in decades, according to preliminary government data.
World
More World
Jury awards $49.5 million to Boeing 737 MAX crash victim's family
A jury in Chicago awarded $49.5 million in damages Wednesday to the family of a 24-year-old American who perished in a 2019 Boeing 737 MAX crash.
Rare blue-green diamond sells for record $17.3 million at auction
The 5.5-carat "Ocean Dream" was found in Central Africa in the 1990s.
Live
Trump and Xi agree Strait of Hormuz "must remain open"
President Trump and China's Xi Jinping met in Beijing on Thursday, while Israel and Lebanon are set to resume peace talks in Washington.
China's Xi warns Trump about "conflicts" if Taiwan isn't "handled properly"
President Trump is in Beijing meeting with China's President Xi Jinping, with the two leaders aiming to stabilize their trading relationship after last year's trade war.
Why Taiwan is a major flashpoint between the U.S. and China
For decades, U.S. presidents have remained steadfast in their defense of the tiny Asian ally from its neighboring giant.
Entertainment
More Entertainment
National Recording Registry adds Taylor Swift, Beyoncé, Ray Charles, more
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
Troubling trend for touring musicians
Major musicians from Post Malone to Meghan Trainor have recently struggled to sell out stadiums and arenas for their tours. It's a troubling trend being called "blue dot fever" and has led to entertainers canceling some or all of their shows. Ash-har Quraishi reports.
Geena Davis talks new series "The Boroughs"
Actor Geena Davis talks about starring in the new series "The Boroughs," if there are parallels between herself and the character she plays, and why she's drawn to supernatural projects. She also addresses representation in the entertainment industry.
"Top Gun" celebrates 40 years
The action movie "Top Gun," starring Tom Cruise, was released 40 years ago. To celebrate its anniversary, the film and its sequel, "Top Gun: Maverick," are returning to AMC theaters nationwide for one week. Vladimir Duthiers reports.
Stars of "Dutton Ranch" on reprising roles
Kelly Reilly and Cole Hauser, the stars and executive producers of "Dutton Ranch," sit down with "CBS Mornings" to talk about reprising their "Yellowstone" roles for the series spinoff. The series premieres May 15 on Paramount+.
Technology
More Technology
Workers are getting paid to teach AI how to do their jobs
AI companies are recruiting a wide range of temp workers, from writers to wine enthusiasts, for hourly-paid gigs to help train their language models.
China's most critical issue: Taiwan
Chinese President Xi Jinping has called Taiwan "the most important issue" between his country and the U.S. About 10% of the population in Taiwan wants to reunify with mainland China, and there are real fears that it will fall under communist control. Tony Dokoupil and Anna Coren break down its importance to China and the U.S.
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.
Companies hiring humans to train AI platforms
AI training is an emerging job market where those with specialized skills are paid to train bots to be more accurate and human-like in their responses. The CBS News MoneyWatch team spoke with multiple hiring platforms that pair human experts with AI training jobs. Megan Cerullo has more.
How AI is changing travel
Almost every industry worldwide is integrating artificial intelligence into its operations, and the airline industry is no different. Booking.com CEO Glenn Fogel joins "The Takeout" to discuss AI's impact on travel.
Science
More Science
Emperor penguins in focus as Antarctica talks start in Japan
Greater protections for endangered emperor penguins and how to manage growing tourism are topping the agenda at talks on Antarctica in Japan.
What's in the released UFO files?
The Pentagon released UFO documents on Friday, with President Trump telling the public to "have fun" deciding for itself what is going on. Carter Evans reports.
Trump: UFO files released for transparency
Defense Secretary Pete Hegseth said it's time for the American people see it for themselves, as the Pentagon started releasing previously classified documents related to UFOs and UAPs. CBS News Pentagon reporter Eleanor Watson has more.
"The Age of Disclosure" director on UFO files
The Pentagon on Friday released and declassified numerous files on UFOs, including eyewitness testimony, photos and reports. Government knowledge of non-human intelligent life was the subject of the documentary "The Age of Disclosure," released in February. Its director and producer, Dan Farah, joins CBS News to discuss.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Crime
More Crime
Feds arrest tourist accused of hurling rock at endangered seal's head
The tourist sparked outrage after a witness recorded him chucking a coconut-sized rock at "Lani," a beloved Hawaiian monk seal off a Maui beach.
Videos show shots fired in Philippine Senate
Warning: Distressing video. Authorities in the Philippines tried to arrest a senator on Wednesday, resulting in a burst of gunfire in the Philippine Senate, according to an Associated Press journalist and other witnesses.
Alex Murdaugh to be tried again
Alex Murdaugh's double murder trial drew national attention, but three years later, South Carolina's Supreme Court tossed aside his conviction. Mark Strassmann reports on the new developments.
Why Alex Murdaugh is getting a new trial
Three years after Alex Murdaugh was convicted of killing his wife and son, the South Carolina Supreme Court on Wednesday overturned the verdict and granted Murdaugh a new trial. CBS News' Katrina Kaufman reports.
Kouri Richins speaks at sentencing hearing
Kouri Richins, the Utah mom convicted of murdering her husband, spoke for nearly 40 minutes at her sentencing hearing on Wednesday. Richins apologized to her sons and told them to "take care of one another." She was later sentenced to life without parole.
Space
More Space
UFO files reveal astronauts saw mysterious objects and lights in 1972
NASA's Apollo 17 crew reported seeing three mysterious dots and sparks that resembled fireworks, according to new files released by the Pentagon.
Pentagon begins releasing UFO files: "It's time the American people see"
Defense Secretary Pete Hegseth said in a statement that the documents "have long fueled justified speculation — and it's time the American people see it for themselves."
Mysterious world beyond Pluto may have atmosphere, study says
If confirmed, the rock would become just the second world past Neptune in our solar system to host an atmosphere.
Artemis crew surprises 5-year-old aspiring astronaut with special gift
The Artemis II team gained a new member, and the crew made sure their youngest teammate had the right stuff for space.
Artemis II crew reveals what snack they ate right after splashdown
The Artemis II astronauts said they actually really enjoyed the space food, but it was a familiar candy they enjoyed after splashing down in the Pacific Ocean.
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
More Latest CBS News Videos
Latest CBS News Videos
Sneak peek: The Man with Two Names
After a conviction in the arson death of a billionaire in Monaco, Ted Maher changes his name and puts out a hit on his estranged wife in New Mexico. He denies it all. "48 Hours" correspondent Erin Moriarty reports Saturday, May 16 at 10/9c on CBS and streaming on Paramount+.
Watch: Trump, Xi arrive for summit
President Trump and Xi Jinping arrived for their high-stakes summit Thursday morning in Beijing. They are expected to discuss trade, Taiwan and the war with Iran. Jessi Mitchell anchors CBS News' special report.
Study: Cash can help prevent homelessness
New research from Johns Hopkins School of Public Health shows that one-time direct cash payments of, on average, $3,700 can help prevent young people from falling into homelessness. Larry Cohen, co-founder and executive director of Point Source Youth, joins "The Daily Report" to discuss.
Videos show shots fired in Philippine Senate
Warning: Distressing video. Authorities in the Philippines tried to arrest a senator on Wednesday, resulting in a burst of gunfire in the Philippine Senate, according to an Associated Press journalist and other witnesses.
5/13: The Takeout with Major Garrett
President Trump's trip to China gets underway; DHS Secretary Markwayne Mullin details what ICE agents will be doing at World Cup games.