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.
Watch CBS News
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.
The Trump administration expects Iran's formal response to its 15-point peace proposal today, as Tehran continues blocking the Strait of Hormuz.
The pressure now shifts to the House to end the Department of Homeland Security shutdown that has severely disrupted air travel in some major airports. Follow live updates.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
The full committee will recommend sanctions for Rep. Sheila Cherfilus-McCormick, a Florida Democrat, after the House's April recess.
The Iranian response to the U.S.' 15-point peace proposal is expected on Friday, multiple sources familiar with the matter told CBS News.
Police said a Secret Service agent assigned to Jill Biden accidentally shot himself at Philadelphia International Airport.
The FBI executed a search warrant last month at a Fulton County elections office, seeking to take "all physical ballots" from the 2020 vote as well as tapes from vote-tabulating machines, ballot images and voter rolls.
On Aug. 23, 1990, Cheryl Henry, 22, and her boyfriend Andy Atkinson, 21, were found dead in what has been called the "Lover's Lane Murders."
In a rare interview, Michael Jordan discusses settling his antitrust fight with NASCAR, his passion for racing and more.
A look at the features for this week's broadcast of the Emmy-winning program, hosted by Jane Pauley.
Stocks are heading for a fifth straight weekly loss as oil prices climb and mixed signals on Iran raise fears about inflation and growth.
Stock market volatility is hitting higher-income Americans, driving a sharper drop in consumer sentiment.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
Economists say the conflict in Iran is making a recession more likely, with higher energy prices hitting consumers and businesses.
Iran has a stranglehold on the Strait of Hormuz, and as pressure mounts, it's threatened to target another vital Middle East shipping lane, the Bab el-Mandeb Strait.
Stocks are heading for a fifth straight weekly loss as oil prices climb and mixed signals on Iran raise fears about inflation and growth.
Stock market volatility is hitting higher-income Americans, driving a sharper drop in consumer sentiment.
Economists say the conflict in Iran is making a recession more likely, with higher energy prices hitting consumers and businesses.
The price hike raises the cost of the standard plan with ads by $1 per month and the cost of the standard and premium plans by $2.
The Iranian response to the U.S.' 15-point peace proposal is expected on Friday, multiple sources familiar with the matter told CBS News.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
The full committee will recommend sanctions for Rep. Sheila Cherfilus-McCormick, a Florida Democrat, after the House's April recess.
The Justice Department has made public millions of pages from its investigation into convicted sex offender Jeffrey Epstein.
The pressure now shifts to the House to end the Department of Homeland Security shutdown that has severely disrupted air travel in some major airports. Follow live updates.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
Dr. Jay Bhattacharya, head of the National Institutes of Health and interim leader of the Centers for Disease Control and Prevention, told staff a permanent CDC director could be nominated soon. "I know that it has been such a difficult year," he said.
Federal health officials posted a warning about misleading statements by biotech billionaire Dr. Patrick Soon-Shiong about his company's bladder cancer drug Anktiva.
Doctors fear that skepticism, fueled by anti-science sentiment and mistrust, is extending beyond vaccines to other proven, routine care.
Transit Officer Paul DeGeorge thought his son was lying on him. Then he realized something much scarier was happening.
Iran has a stranglehold on the Strait of Hormuz, and as pressure mounts, it's threatened to target another vital Middle East shipping lane, the Bab el-Mandeb Strait.
The Iranian response to the U.S.' 15-point peace proposal is expected on Friday, multiple sources familiar with the matter told CBS News.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
Matvei Rumiantsev was sentenced for the attack which was witnessed on a video call by President Trump's youngest son.
The Trump administration expects Iran's formal response to its 15-point peace proposal today, as Tehran continues blocking the Strait of Hormuz.
Rockstar Billy Idol spoke to Anthony Mason about how he broke into music, why he says he's lucky to be alive and what it's like to be a grandparent.
The finale of the FX series "Love Story" aired Thursday and has captivated audiences as it follows the romance between John F. Kennedy. Jr. and Carolyn Bessette Kennedy. The limited series focuses on well-documented moments in the couple's lives, but fills in the rest with fiction. It has also received some backlash. Adriana Diaz reports.
Savannah Guthrie is speaking out about her mom's disappearance as she prepares to return to the "Today" show. CBS News' Jonathan Vigliotti reports.
Savannah Guthrie stepped back from her NBC duties almost two months ago when her mother, Nancy Guthrie, disappeared. The investigation is ongoing.
Camila Morrone, who stars in the series "Something Very Bad Is Going to Happen," speaks to "CBS Mornings" about the show, what intimidated her about the horror genre, and working with the Duffer brothers.
A mother and daughter in Kentucky have turned down a $26 million offer for their land. The offer came from an unnamed tech company wanting to build a data center. CBS News' Jared Ochacher spoke with the family.
As AI use rises, many see it decreasing the number of jobs available.
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.
New research from the Society of Human Resource Management shows which regions and jobs are most at risk from artificial intelligence. Johnny Taylor, president and CEO of SHRM, joins CBS News to discuss the findings.
Experts say the rulings could expose tech companies to more litigation and pressure them to make changes to their apps.
Marine biologists found detectable levels of caffeine, cocaine and the over-the-counter painkillers in the blood of 28 sharks.
Here's what to know about peptides, what they can and can't do, and what's driving viral claims about possible health benefits online.
The staff at a Florida sea turtle hospital is monitoring some animals they've rehabilitated from space -- especially amputees, such as one they named Amelie, who's back at sea.
The seed reveals that people in France have been cultivating the popular variety of grape since at least the 1400s, scientists say.
Researchers in Cambodia surveyed dozens of previously unexplored caves and found several species never seen before, including a pit viper that is still being studied.
A federal judge ruled against former Venezuelan President Nicolás Maduro's request to have charges against him dismissed. CBS News' Lilia Luciano reports.
Police said a Secret Service agent assigned to Jill Biden accidentally shot himself at Philadelphia International Airport.
On Aug. 23, 1990, Cheryl Henry, 22, and her boyfriend Andy Atkinson, 21, were found dead in what has been called the "Lover's Lane Murders."
A Utah woman is facing criminal charges for allegedly kidnapping a boy she claims bullied her child. CBS News' Matt Gutman reports.
Matvei Rumiantsev was sentenced for the attack which was witnessed on a video call by President Trump's youngest son.
The comet originated in the outer solar system and visits the inner solar system every 5.4 years.
As the number of people with cameras on their dashboards and doorbells has grown, so have reports of such sightings.
In an on-going overhaul of NASA's Artemis program, agency officials say it will take seven years to build a sophisticated base on the moon.
NASA's Artemis II rocket is back on the launch pad after repairs inside the massive Vehicle Assembly Building at the Kennedy Space Center. Early next month, NASA will try, for a second time, to send a crew of four on a flyby of the moon. Mark Strassmann has more.
A possible meteorite crashed into a Houston area house on Saturday night, tearing through the roof and two stories of the home, officials said.
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.
NASA astronaut Mike Fincke, the astronaut who was medically evacuated from the International Space Station, joined CBS News 24/7 Mornings with more details on the unexpected event and his take on the Artemis II mission to scope the moon.
A mother and daughter in Kentucky rejected a $26 million offer for their farmland that would have been used to develop an AI data center. CBS News' Jared Ochacher reports.
Imagine, in the 21st century, discovering a marvel on par with Mount Everest or the Grand Canyon. It happened. This Sunday, 60 Minutes takes you inside the world's largest cave passage, which was discovered in Vietnam in 2009. Sunday.
Iran is expected to respond through mediators to a U.S. peace proposal, sources tell CBS News. Natalie Brand has more.
A federal judge ruled against former Venezuelan President Nicolás Maduro's request to have charges against him dismissed. CBS News' Lilia Luciano reports.