AI eliminated nearly 4,000 jobs last month, report says
A report of U.S. job cuts showed roughly 5% of job losses in May were due to AI technology.
Unemployment
Job-hopping doesn't pay what it used to
Big pay hikes from switching jobs, a key trend that drove the Great Resignation, is unwinding, a new analysis finds.
U.S. adds over 300,000 jobs in May
According to the U.S. Labor Department, 339,000 jobs were added in May, much more than the 190,000 predicted by some economists. The unemployment rate rose to 3.7%. Lori Bettinger, president of BancAlliance and the former director of the TARP Capital Purchase Program at the Treasury Department, joins CBS News with her analysis of the numbers.
The class of 2023 is entering the strongest job market in 70 years
With the youth unemployment rate at a 70-year low, this year's crop of new graduates is likely to have an easier time getting hired.
New economic data signals easing inflation
Economic data released Thursday shows that U.S. wholesale price increases decelerated in April and unemployment claims increased in the week ending May 6. Meanwhile, Treasury Secretary Janet Yellen warns that if the U.S. defaults on its debt, it could threaten the global economy. Jeanna Smialek, a Federal Reserve and economy reporter at the New York Times, joins CBS News to discuss.
Santos backed an unemployment fraud bill. Now he's accused of it.
Santos allegedly claimed almost $25,000 in jobless aid while earning $120,000 annually, according to federal prosecutors.
Latest jobs report shows strong economic growth
The U.S. added 253,000 jobs in April, according to a report released Friday by the Labor Department, well above estimates from economists. Unemployment also fell to 3.4%, and wages were also higher. Ed O'Keefe has the details.
Markets react to jobs report, interest rates
Javier David, a CBS News contributor and managing editor for business and markets for Axios, and Jeanna Smialek, an economics reporter for The New York Times, join us to discuss the latest financial news, including the April jobs report released today, the Federal Reserve's decision to raise interest rates again this week, and the health of the nation's banking system.
Hiring for white-collar jobs in the U.S. is hitting a wall
Fearing an imminent recession, corporate employers are pulling back on hiring in a range of professional fields.
Consumer spending strong despite slowing GDP
The stock market closed in positive territory Thursday despite the latest GDP report from the the Commerce Department showing that the economy grew at an annual rate of only 1.1% in the first quarter of 2023. Lori Bettinger, president of BancAlliance, spoke with CBS News about what the latest GDP figures mean for investors and consumers going forward.
U.S. economic growth slows, GDP report shows
The nation's gross domestic product grew at an annual rate of 1.1% in the first quarter of 2023, lower than what economists expected. But, the latest jobs report shows unemployment claims fell by 16,000. Ben Eisen, a reporter for the Wall Street Journal, joined CBS news to parse through the latest numbers.
BuzzFeed News shutting down as parent company cuts 15% of jobs
CEO Jonah Peretti wrote in a memo that "the company can no longer continue to fund BuzzFeed News as a standalone organization."
Big banks report strong first quarter earnings
J.D. Durkin, host of "TheStreet," and Jacob Bogage, business reporter for The Washington Post, joined CBS News to discuss Friday's report of strong first quarter earnings for big banks. They also reacted to the latest unemployment numbers, and strong sales for Burger King.
Inflation persists while employment remains strong
The latest jobs report from the U.S. Labor Department showed unemployment in March at just 3.5%. Americans remain concerned over the ongoing impact of incessant inflation amid high interest rates, with the average American spending more than $700 on a new car. Michael George has more.
Two Democrats expelled from Tennessee House
Tennessee's Republican-controlled state House expelled two of the three Democratic members involved in protests for gun reform on the chamber floor last week. CBS News senior White House correspondent Weijia Jiang joins us with more on the Biden administration's response.
U.S. added 236,000 jobs in March
Despite nine federal rate hikes over the past year, the U.S. added 236,000 jobs in March, according to the latest data from the Labor Department. CBS News senior investigative correspondent Catherine Herridge broke down the latest jobs report with Lori Bettinger, BancAlliance president and former director of the Troubled Assets Relief Program .
U.S. job growth slows in March
Sarah House, a senior economist for Wells Fargo, joins CBS News' Vladimir Duthiers and Errol Barnett to discuss the March 2023 jobs report, what it means for the economy and how it could impact the Federal Reserve's future decisions on interest rates.
Hiring slowed in March as job market shows signs of cooling
Employers added 236,000 jobs last month, and the nation's unemployment rate fell to 3.5%.
Jobless claims fell but trend is mixed
The latest jobless claims report reveals first-time filings fell by 18,000 to 228,000 for the week ending April 1. CBS News' Errol Barnett and Lana Zak are joined by Axios economics reporter Courtenay Brown with more on the findings.
Layoffs rose sharply in the first three months of the year
As the Fed continues hiking interest rates, weaker hiring and mounting layoffs suggest the U.S. job market is softening.
Fake job listings are a growing problem
Federal data shows there are more than 10 million job openings across the U.S. But a new report shows not all of those jobs really exist. CBS MoneyWatch associate managing editor Irina Ivanova joined Errol Barnett and Lana Zak to discuss.
Fake job listings are a growing problem in the labor market
Plentiful job listings show an overheated hiring market — but many are duplicates or fake, say economists and recruiters.
U.S. economy adds 311,000 jobs in February
A better-than-expected jobs report was released yesterday and touted by President Biden as a sign of economic progress. There was a jump in unemployment, even as jobs were added. Christina Ruffini has more.
New jobs report shows strong labor market
The Bureau of Labor Statistics released its jobs report for February. It shows 311,000 jobs were added last month and that the unemployment rate rose to 3.6%. CBS News contributor and Axios managing editor for business and markets Javier David joins Vladimir Duthiers and Shaunelle Kaul to discuss.
U.S. added 311,000 jobs in February as hiring remained strong
The U.S. job market has remained robust despite the Federal Reserve's concerted push to slow economic growth.
Live
Trump demands Iran reopen Strait of Hormuz amid search for missing U.S. crew member
A senior Iranian military official rejected President Trump's ultimatum, calling it "a helpless, nervous, unbalanced and stupid action."
Despite toilet trouble, Artemis II crew reflects on wonder of deep space experience
Amid ongoing toilet trouble, the Artemis II astronauts reflected on the wonder of sailing through deep space to the moon.
Family of Iran military leader Soleimani has U.S. residence visas revoked
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
First on CBS
White House is expected to shake up more leadership roles at DOJ, sources say
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
Ousted Army chief of staff says soldiers deserve "courageous leaders" in email
Defense Secretary Pete Hegseth asked George to step down and take immediate retirement, CBS News exclusively reported earlier this week.
The $100,000 H-1B visa fee is impacting the U.S.'s ability to attract global talent
According to numbers from U.S. Citizenship and Immigration Services, more than 70% of H-1B visa holders in 2024 were Indian.
Trump gives Iran 48-hour deadline to reopen Strait of Hormuz or "Hell will reign down"
The war shows no signs of slowing as Iran responds to airstrikes with attacks across the region.
Driver charged with DWI after vehicle crashes into crowd at Louisiana parade
Officials said the incident does not appear to be an intentional act based on a preliminary investigation.
Did Trump help write the latest White House East Wing court filing?
The government's legal bid to continue East Wing construction has the hallmarks of President Trump's social media posts.
U.S.
More U.S.
Robbery reveals sinister plot to kill a man with a root beer float
When Harold Allen died suddenly in his home in Freetown, Indiana, no one suspected anything out of the ordinary. Nine months later, a burglary at his home would lead to a murder investigation and an unusual weapon.
Would Michigan investigators be able to prove murder in a case without a body?
After Dee Warner, a Michigan businesswoman and mother, disappeared from her home, her family believed she has been murdered and suspected her husband Dale Warner. But without physical evidence, they knew it would be hard to prove.
The $100,000 H-1B visa fee is impacting the U.S.'s ability to attract global talent
According to numbers from U.S. Citizenship and Immigration Services, more than 70% of H-1B visa holders in 2024 were Indian.
Driver charged with DWI after vehicle crashes into crowd at Louisiana parade
Officials said the incident does not appear to be an intentional act based on a preliminary investigation.
Parker, Delle Donne among basketball greats set for Hall of Fame enshrinement
Candace Parker, Elena Delle Donne, Chamique Holdsclaw and the 1996 U.S. Olympic women's basketball team will be enshrined in the Naismith Memorial Basketball Hall of Fame later this year.
MoneyWatch
More MoneyWatch
Sauté pans sold at Costco recalled after metal caps "forcefully eject"
One consumer reported sustaining bruising and burn injuries.
Chicago Fed's Goolsbee says he sees inflation as risk to 2026 rate cuts
Goolsbee, president of the Federal Reserve Bank of Chicago, said mounting inflation risks "complicates the picture" on interest rates.
3 ways the Iran war is hitting Americans' pocketbooks
U.S. consumers are starting to feel the financial impact of the Iran war. Here's how the conflict is seeping into the economy.
3.1 million bottles of eye drops sold at Walgreens, CVS are recalled
The eye drops — sold under multiple brands — have been recalled over concerns about sterility, according to the FDA.
Employers added 178,000 jobs in March, blowing past forecasts
Hiring was much stronger than expected in March, with employers adding roughly three times the number of jobs economists predicted.
Politics
More Politics
Family of Iran military leader Soleimani has U.S. residence visas revoked
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
Ousted Army chief of staff says soldiers deserve "courageous leaders" in email
Defense Secretary Pete Hegseth asked George to step down and take immediate retirement, CBS News exclusively reported earlier this week.
First on CBS
White House is expected to shake up more leadership roles at DOJ, sources say
The changes were likely to affect Associate Attorney General Stanley Woodward, the No. 3 official at the Justice Department and Harmeet Dhillon, the Assistant Attorney General for the Civil Rights Division.
Trump gives Iran 48-hour deadline to reopen Strait of Hormuz or "Hell will reign down"
The war shows no signs of slowing as Iran responds to airstrikes with attacks across the region.
Judge halts Trump effort requiring colleges show they don't consider race
The ruling follows a lawsuit filed earlier this month by a coalition of 17 Democratic state attorneys general.
HealthWatch
More HealthWatch
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.
New ALS treatment brings hope to patients
"CBS Saturday Morning" looks at an experimental treatment for amyotrophic lateral sclerosis, or Lou Gehrig's disease, that is bringing hope to some patients suffering from the neurodegenerative disease. To inquire about possible participation in Silence ALS, an initiative to develop individualized gene-based therapies for patients with other rare genetic forms of ALS, please write to silenceals@cumc.columbia.edu.
He thought he was in good health — until fainting during a bike ride
John Cantrell was enjoying his retirement until an unexpected condition forced him to choose between two kinds of heart surgery.
HHS announces national program to study effect of microplastics on humans
The Environmental Protection Agency also added microplastics to its contaminant candidate list for the first time.
FDA approves Eli Lilly weight loss pill
The FDA approved a new GLP-1 drug from Eli Lilly. Dr. Jon LaPook breaks it down.
World
More World
Family of Iran military leader Soleimani has U.S. residence visas revoked
Hamideh Soleimani Afshar and her daughter were granted U.S. asylum in 2019, but the government is now moving to strip them of their green cards.
2 men and teen held in U.K. custody over Jewish charity ambulance attack
All men were charged Friday with arson and being reckless as to whether life would be endangered.
Deadly strikes in Ukraine and Russia kill 10, injure dozens
The attacks came as Ukrainian President Volodymyr Zelenskyy traveled to Istanbul for talks with Turkish President Recep Tayyip Erdogan.
Dutch police probe explosion outside a pro-Israel Christian center
The incident comes after a string of similar nighttime attacks across Europe that have heightened concerns over antisemitism.
One dead, dozens injured in crush during rally at Peru soccer stadium
Videos broadcast by local television stations showed a large crowd of fans in the south stands amidst an explosion of fireworks.
Entertainment
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Entertainment
4/4: Saturday Morning
The search continues for a missing American service member after Iran shot down an F-15E fighter jet on Friday. Meanwhile, the Artemis II passed its halfway point to the moon.
Kenan Thompson on his career and parenthood
Kenan Thompson sits down with Kelly O'Grady to reflect on his career and parenthood while discussing his new children's book "Unfunny Bunny."
Drayton Farley performs "It's Called Doubt"
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "It's Called Doubt."
Drayton Farley performs "The Luckier Ones"
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "The Luckier Ones."
Drayton Farley performs "I Need Your Love"
Alabama native Drayton Farley was working at a local auto plant and making bedroom recordings just a few years ago. Now he's being compared to Americana greats like Tyler Childers and Jason Isbell. His new album, "A Heavy Duty Heart," is out now. Here's Drayton Farley performing "I Need Your Love."
Technology
More Technology
The $100,000 H-1B visa fee is impacting the U.S.'s ability to attract global talent
According to numbers from U.S. Citizenship and Immigration Services, more than 70% of H-1B visa holders in 2024 were Indian.
New film on risks and rewards of AI
"CBS Mornings" sits down with Tristan Harris, co-founder and president of the Center for Humane Technology, who is featured in the 2026 documentary, "The AI Doc: Or How I Became an Apocaloptimist."
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.
Inside Apple's relationship with China
CBS News contributor Patrick McGee joins "The Daily Report" to discuss the codependent relationship between Apple and China, a country that manufactures hundreds of millions of iPhones every year.
Jamie Dimon: JPMorgan could offer prediction market services to investors
The JPMorgan Chase CEO said the bank may one day introduce prediction market features, but said "there's a bunch of stuff we won't do" in that space.
Science
More Science
Artemis II crew begins "crazy first day" in space after exhilarating launch
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
CBS News studio shakes as Artemis II launches
Four astronauts are traveling around the moon on Artemis II, going further from Earth than anyone before. CBS News' Mark Strassmann and Peter King have more.
What Artemis II astronauts will do in space
Former NASA astronaut Clayton Anderson joins CBS News to discuss what the Artemis II astronauts will do as they orbit the Earth after takeoff.
How Artemis II crew will sleep in space
Members of the Artemis II crew will be the first people to sleep inside the Orion spacecraft. CBS News' Kris Van Cleave has more on how they'll do that.
How do astronauts use the bathroom?
The science and technology behind using the restroom in space continues to evolve. CBS News senior transportation correspondent Kris Van Cleave looks at the out-of-this-world facilities available to the Artemis II crew.
Crime
More Crime
Robbery reveals sinister plot to kill a man with a root beer float
When Harold Allen died suddenly in his home in Freetown, Indiana, no one suspected anything out of the ordinary. Nine months later, a burglary at his home would lead to a murder investigation and an unusual weapon.
Would Michigan investigators be able to prove murder in a case without a body?
After Dee Warner, a Michigan businesswoman and mother, disappeared from her home, her family believed she has been murdered and suspected her husband Dale Warner. But without physical evidence, they knew it would be hard to prove.
Man arrested at retirement home for wife's murder decades earlier
Janice Randle was found dead in her bed in 1992, but police couldn't make an arrest in the case until new information emerged.
From 1996: FBI arrests suspected Unabomber
On April 3, 1996, the FBI arrested Theodore Kaczynski in the Unabomber case, ending one of the longest and most intense manhunts in U.S. history. Watch CBS News' coverage from that day.
More on Pam Bondi's firing
President Trump's firing of Attorney General Pam Bondi is raising questions about their dynamic in the months prior. CBS News' Weijia Jiang reports.
Space
More Space
Despite toilet trouble, Artemis II crew reflects on wonder of deep space experience
Amid ongoing toilet trouble, the Artemis II astronauts reflected on the wonder of sailing through deep space to the moon.
Moon-bound Artemis II astronauts enjoy a relaxed day in space
The Artemis II astronauts continued their long coast to the moon, capturing stunning photos along the way.
NASA shares first photos of Earth taken by Artemis II
The photo shows the entire planet, as well as the Northern and Southern lights.
Artemis II crew clears Earth orbit, heads for the moon
The engine firing provided a slingshot-like boost to the Orion capsule, speeding it to 24,500 mph, the velocity needed to break free of Earth's gravitational clasp for a trek to the moon.
Artemis II crew begins "crazy first day" in space after exhilarating launch
NASA's Artemis II astronauts will spend about 24 hours orbiting the Earth and running checks on their spacecraft and life support systems before heading to the moon.
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
Artemis II astronauts speak on their moon mission
The Artemis II astronauts spoke with CBS News senior national correspondent Mark Strassmann from space as they flew closer to the moon.
100 years of the Harlem Globetrotters
For 100 years, the Harlem Globetrotters have been sharing the game of basketball around the world. Jericka Duncan caught up with them after a century of tricks and laughs.
Analyzing impact of Trump's changes to H-1B visas
For decades, the U.S. has imported highly-skilled tech workers from around the world on H-1B visas. But the Trump administration changed the way they are granted. Shanelle Kaul reports on how that is impacting the pipeline of global talent coming to America.
Artemis II crew speaks with CBS News on mission
The four astronauts on the Artemis II mission have passed the halfway point between the Earth and the moon. Mark Strassmann spoke with the astronauts about the accomplishment.
Beyond rising gas prices, car prices soar too
Amid the war in Iran, the nationwide average price for a gallon of regular is now $4.10. Soaring gas prices are also fueling new questions about the cost of the vehicles we drive. Ali Bauman has more from the New York Auto Show.