U.S. economy lost 92,000 jobs in February, an unexpected setback
Economists had forecast a gain of 60,000 jobs last month. The unexpected drop was due to job losses in health care and the federal government.
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Economists had forecast a gain of 60,000 jobs last month. The unexpected drop was due to job losses in health care and the federal government.
Surprise burst in hiring across the U.S. last month shows the labor market remains on solid ground.
Employers cut more than 108,000 jobs in January, the highest total for that month since 2009, new data shows.
Economists had expected CPI to rise at an annual rate of 3% last month.
The unemployment rate in November rose to 4.6%, its highest level since September 2021.
The Labor Department released a September jobs report this week that beat expectations, but the department also said it won't release an October jobs report due to the government shutdown. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Lawmakers remain deadlocked on the seventh day of the government shutdown. Secretary of Labor Lori Chavez-DeRemer joins "The Takeout" to discuss the shutdown's stifling of key economic data, the state of the job market and how many jobs artificial intelligence may soon devour.
The agency's Bureau of Labor Statistics would suspend operations if the U.S. government shuts down this week, potentially delaying key economic reports.
Internal review, which will focus on how BLS collects and reports economic data, follows claims by President Trump that the statistics bureau is politicized.
A lackluster jobs report has sparked concern after the Department of Labor announced it only added 22,000 jobs last month and that the unemployment rate is the highest since 2021 at 4.3%. President Trump maintained his stance that the Federal Reserve should cut interest rates.
After President Trump expressed "shock" over the pace of hiring in July, much is riding on the employment data for August.
While phoning into CNBC on Tuesday morning, President Trump defended his decision to fire the labor statistics commissioner following a disappointing jobs report. CBS News MoneyWatch correspondent Kelly O'Grady has more on the fallout.
The White House is defending President Trump's decision to fire the head of the Bureau of Labor Statistics following a weaker-than-expected July jobs report. CBS News' Olivia Rinaldi and Kelly O'Grady have the latest.
President Trump fired the Bureau of Labor Statistics commissioner on Friday. The reason cited, though it lacked evidence, was that last week's job report was "rigged." Katharine Abraham, who held the position from 1993 until 2001, joins "The Takeout" to discuss.
President Trump explained why he fired Bureau of Labor Statistics Commissioner Erika McEntarfer on Friday. Government data showed fewer jobs were added to the U.S. economy last month than expected.
President Trump fired Erika McEntarfer, the commissioner of the U.S. Bureau of Labor Statistics, on Friday, the same day the July jobs report showed a slowdown in hiring.
President Trump on Friday ordered the firing of the labor statistics boss just hours after the release of a weak jobs report. Axios economics reporter Courtenay Brown joins CBS News with analysis.
President Trump fired the commissioner of the Bureau of Labor Statistics on Friday after a disappointing jobs report. CBS News politics reporter Kathryn Watson has more.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
President Trump ordered his administration to fire the commissioner of labor statistics, Erika McEntarfer, after the July jobs report showed a sharp slowdown in hiring and a steep downward revision to May and June's hiring numbers. Kelly O'Grady reports.
A growing number of employers in tech and other fields are recruiting workers with expertise in AI, labor data shows.
The Labor Department is seeking to pull back on the regulation of workplaces by rewriting or repealing more than 60 "obsolete" regulations.
New data from the Labor Department shows inflation ticked up to its highest level since February in June with consumer prices rising at an annual rate of 2.7%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Employers across the U.S. added 147,000 jobs in June, while the unemployment rate fell to 4.1%.
Companies have reported more than 744,000 job cuts this year — the highest figure since the first six months of 2020, according to an outplacement firm.
Lonna Drewes came forward Tuesday with the allegations after the California Democrat announced he would resign from Congress.
Democratic Rep. Eric Swalwell and GOP Rep. Tony Gonzales officially submitted their resignation letters to the House clerk on Tuesday.
The U.S. blockade of Iran's ports is now in its second day as Washington pressures Tehran to relinquish control of the Strait of Hormuz.
The Justice Department on Tuesday asked a federal court to vacate Jan. 6 convictions against a dozen former members of the right-wing Proud Boys and Oath Keepers, aiming to wipe away some of the final Capitol riot charges that are still standing.
Brian Hooker, whose wife disappeared during a nighttime boat ride in the Bahamas, said he wants to believe his wife is still alive and plans to go back out to look for her as soon as possible.
The unpopular war with Iran and stubborn affordability issues have given Democrats cause to be more hopeful about their chances of flipping key seats — and maybe even winning control of the Senate.
Body camera video shows a St. Louis police officer shoot Emeshyon Wilkins in the back of the head as he fled, contradicting an earlier police statement.
Mark Meadows is asking the Justice Dept. to reimburse him for legal fees he incurred in multiple federal and state investigations of President Trump, sources said.
The chairs of three GOP-led House committees say ActBlue "may have deliberately" withheld some documents from their probe into fraudulent political donations.
Dr. Thomas Shaknovsky, 44, was arrested Monday after a two-year investigation by local, state and medical authorities.
The Justice Department on Tuesday asked a federal court to vacate Jan. 6 convictions against a dozen former members of the right-wing Proud Boys and Oath Keepers, aiming to wipe away some of the final Capitol riot charges that are still standing.
The chain's North American operator forecast it will open 205 stores in 2026, although those openings will be outpaced by a series of closures.
Millions of people using Android mobile devices could receive a payout, according to the settlement website.
Six in 10 Americans say they pay more than their fair share in taxes, recent polling shows. Only one-third believe they pay the right amount.
The chain's North American operator forecast it will open 205 stores in 2026, although those openings will be outpaced by a series of closures.
Millions of people using Android mobile devices could receive a payout, according to the settlement website.
Six in 10 Americans say they pay more than their fair share in taxes, recent polling shows. Only one-third believe they pay the right amount.
Warsh's wealth far outstrips that of outgoing Fed Chair Jerome Powell, whose most recent disclosure shows he is worth at least $19.5 million.
A majority of investor-owned utilities surveyed by PowerLines said data centers are a top driver of capital spending.
The Justice Department on Tuesday asked a federal court to vacate Jan. 6 convictions against a dozen former members of the right-wing Proud Boys and Oath Keepers, aiming to wipe away some of the final Capitol riot charges that are still standing.
Democratic Rep. Eric Swalwell and GOP Rep. Tony Gonzales officially submitted their resignation letters to the House clerk on Tuesday.
Lonna Drewes came forward Tuesday with the allegations after the California Democrat announced he would resign from Congress.
The unpopular war with Iran and stubborn affordability issues have given Democrats cause to be more hopeful about their chances of flipping key seats — and maybe even winning control of the Senate.
U.S. District Judge James Boasberg launched a criminal contempt inquiry after he said officials defied an order to turn around flights of Venezuelan migrants bound for El Salvador.
Dr. Thomas Shaknovsky, 44, was arrested Monday after a two-year investigation by local, state and medical authorities.
The Trump administration is ratcheting up attacks on environmental protections that Make America Healthy Again followers hold dear.
Seventy-three percent of Americans say delays and denials of medical treatment by healthcare insurers are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients.
Jack Alston was used to migraines, but after two concussions in middle school, he was stuck with a headache that wouldn't go away.
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.
An 18-year-old attacker, armed with a shotgun, fired randomly inside a vocational high school, wounding 10 students, four teachers, a canteen employee and a police officer, the local governor said.
Typhoon Sinlaku came ashore on a chain of remote U.S. island territories in the Western Pacific, which includes Guam, on Tuesday. It was a super typhoon at the time.
Brian Hooker, whose wife disappeared during a nighttime boat ride in the Bahamas, said he wants to believe his wife is still alive and plans to go back out to look for her as soon as possible.
Alexandre Ramagem was sentenced to 16 years in prison for his role in the coup attempt by supporters of former Brazilian President Jair Bolsonaro.
The U.S. blockade of Iran's ports is now in its second day as Washington pressures Tehran to relinquish control of the Strait of Hormuz.
What started off as a simple way to promote music with some impromptu freestyling back in 2017 has turned into a critically acclaimed series showcasing artists big and small. Photojournalist Parrish Smith met the Washington, D.C., artist and crew behind the increasingly popular musical showcase "Front Porch Freestyles."
Michelle Pfeiffer and Elle Fanning talk with "CBS Mornings" about starring in the new series "Margo's Got Money Troubles." The two discuss what drew them to the project and their characters, and what it's like to work together again.
Pop star Britney Spears has voluntarily checked into rehab following her DUI arrest in Ventura County in March, a representative for the singer told CBS LA.
Jane Pauley hosts our annual "Money Issue." Featured: Obstacles to home ownership; fighting health insurance denials; Chinese EVs; opposition to AI data centers; American Girl dolls; skin care mogul Scarlett Johansson; roller coasters; the popularity of bingo!; and is your phone eavesdropping on you?
Founded in 1986, American Girl has created dolls, books and accessories that tell the stories of young girls in every American era. On the toy's 40th anniversary, correspondent Faith Salie explores how making history come alive is also creating timeless bonds between generations that celebrate girlhood.
The Artemis II journey around the far side of the moon is a monumental moment for human space exploration, but the mission could also bring back benefits for everyday life here on Earth. Better selfies, comfortable sneakers, basic household appliances and more can all trace their roots straight to NASA. Jarred Hill has a closer look at NASA tech in plain sight.
Former AI company founder and CEO Matt Shumer joins "CBS Mornings" to break down Anthropic's report about one of its AI models, Claude Mythos Preview. In the report, the company warned the program was "too powerful" to be released to the public and it worried about the program, which is designed to find security flaws in software, falling into the "wrong hands."
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.
Sam Altman, the CEO of OpenAI, shared a personal blog post and photo of his family saying, "In the hopes that it might dissuade the next person from throwing a Molotov cocktail at our house, no matter what they think of me," following an attack outside his home last week. Altman suggested the incident was connected to the broader debate over AI, saying, "we should deescalate the rhetoric and tactics."
To fuel their artificial intelligence initiatives, tech companies are building massive numbers of AI data centers, with more than 4,000 in operation across the country. But some communities, wary of the environmental and financial implications, are fighting back.
Colorado State University has released its annual Atlantic hurricane forecast, predicting 13 named storms and six hurricanes may develop during the 2026 season.
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.
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.
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.
The astronauts aboard Artemis II are the first humans to see some parts of the far side of the moon with the naked eye.
Two women spoke to CBS News' Nancy Cordes about their allegations against California Rep. Eric Swalwell as news emerges about his apparent misconduct.
An 18-year-old attacker, armed with a shotgun, fired randomly inside a vocational high school, wounding 10 students, four teachers, a canteen employee and a police officer, the local governor said.
Brian Hooker, the husband of the Michigan woman missing in the Bahamas, told CBS News' Cristian Benavides that he "won't be able to stop looking" for his wife Lynette Hooker, and that he wants to believe she is still alive. Hooker was arrested last week in connection with her disappearance and released from police custody on Monday.
Police in the Bahamas have released Brian Hooker, the husband of Lynette Hooker, who disappeared on a boat ride 10 days ago. Brian Hooker was questioned in the case, but not charged. He told police his wife fell overboard as they were going from one island to another.
The suspect who threw a Molotov cocktail at OpenAI CEO Sam Altman's San Francisco home is now facing multiple charges, including attempted murder. Matt Gutman explains why prosecutors believe Altman became a target.
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.
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.
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.
The development of the mission mascot and viral sensation Rise began over a year before Artemis II blasted off.
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.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
The scandals surrounding former Congressmen Eric Swalwell and Tony Gonzales have prompted renewed scrutiny for other congressional members accused of misdeeds. CBS News' Fin Gómez has more.
The war with Iran has caused major issues for international shipping through the Strait of Hormuz. Captain Raman Kapoor and his ship have been stuck in the Persian Gulf near the strait since February. He joins CBS News to discuss.
The International Monetary Fund has cut its forecast for global growth, predicting a rise in global inflation and warning that the war with Iran is pushing growth lower compared to 2025. Medora Lee, money and personal finance reporter for USA Today, joins CBS News to discuss.
Another woman came forward Tuesday with allegations against Rep. Eric Swalwell, claiming Swalwell drugged and raped her in 2018. CBS News' Nancy Cordes and Taurean Small report. CBS News has reached out to Swalwell for response; he has denied prior allegations of sexual misconduct and assault.
Secretary of State Marco Rubio is taking part in talks between Israeli and Lebanese officials in Washington, D.C., on Tuesday in an effort to broker a peace deal between Israel and Hezbollah. CBS News' Courtney Kealy has more.