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.
Unemployment
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.
Most laid-off workers are quickly finding new jobs, survey shows
Losing your job hurts. But a tight labor market and low unemployment are cushioning the blow for many of those who get axed.
More Americans turn to part-time work
The number of Americans working part-time voluntarily rose by 1.2 million in December and January compared months prior. Professor of economics and labor-employment relations Lonnie Golden joins "CBS News Mornings" to discuss the growing trend.
Here are the latest tech layoffs as the industry shudders
Tech companies large and small are slashing their payrolls, fearing a recession is on the way. Here's a running list.
FlyDubai co-pilot was likely lone wolf, Israeli investigators believe
CBS News poll finds Democrats maintain House advantage amid concern about prices
Tennessee prison system head to resign after failed Christa Pike execution
Debris found of medical plane that went missing near Nantucket with 6 on board
Supreme Court gears up for new term with major cases on climate change, guns
Cornell president says school "must do better" amid criticism of its investigation
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Senior Trump administration officials met to discuss Iran war at Camp David
Trump urges daylight saving time bill supporters to personally call Sen. Cotton
