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.
Energy markets remain volatile as President Trump threatens Iran with an invasion to seize its oil while also suggesting a deal could soon end the war.
Federal officials on Monday for the first time labeled the March 12 attack at Temple Israel as an act of terrorism inspired by Hezbollah, an Iran-backed militant group.
The forces give Trump military options in Iran, including operations that could target opening the Strait of Hormuz, take oil from Kharg Island or seize Iran's stockpile of enriched uranium, sources said.
The Supreme Court will hear arguments Wednesday over the legality of President Trump's executive order that seeks to end birthright citizenship.
Kid Rock shared videos to social media that appear to show two Army helicopters outside of his Tennessee home.
The shutdown of the Department of Homeland Security is set to stretch on after House Republicans rejected a Senate-passed solution to the standoff late last week.
NASA is poised to launch four astronauts April 1 on a historic nine-day trip around the moon and back. Here's everything to know about the Artemis II mission.
Fighter jets were scrambled over Palm Beach after a civilian plane breached restricted airspace near President Trump's Mar-a-Lago resort, officials said.
The Department of Homeland Security said TSA agents should begin receiving pay as early as Monday, March 30.
JetBlue is hiking bag check fees as airlines face higher jet fuel costs related to the Iran war, making flying more expensive.
A study from the New York Fed found that delinquency rates increased faster in states where online sports betting is legal.
Federal officials on Monday for the first time labeled the March 12 attack at Michigan's Temple Israel as an act of terrorism inspired by Hezbollah, an Iran-backed militant group.
Kid Rock shared videos to social media that appear to show two Army helicopters outside of his Tennessee home.
The New York Times says the Defense Department flouted a court order blocking it from enforcing a policy limiting press access to the Pentagon.
JetBlue is hiking bag check fees as airlines face higher jet fuel costs related to the Iran war, making flying more expensive.
A study from the New York Fed found that delinquency rates increased faster in states where online sports betting is legal.
In a Monday speech, Powell also touched on the impact of the Iran war, saying that longer-term inflation expectations remain in check.
Air Canada will seek a new CEO with "the ability to communicate in French" after Rousseau's English-only condolence message about the deadly New York crash.
With stocks cheaper than they were before the Iran war, some investors are looking for an opportune time to buy.
Kid Rock shared videos to social media that appear to show two Army helicopters outside of his Tennessee home.
The New York Times says the Defense Department flouted a court order blocking it from enforcing a policy limiting press access to the Pentagon.
The shutdown of the Department of Homeland Security is set to stretch on after House Republicans rejected a Senate-passed solution to the standoff late last week.
The forces give Trump military options in Iran, including operations that could target opening the Strait of Hormuz, take oil from Kharg Island or seize Iran's stockpile of enriched uranium, sources said.
The Supreme Court will hear arguments Wednesday over the legality of President Trump's executive order that seeks to end birthright citizenship.
The One Big Beautiful Bill Act will add red tape and restrictions for those seeking Medicaid and SNAP benefits. And the costs to update computer systems that determine eligibility for those programs will be steep.
David Lyon is one of the rising number of young adults to be diagnosed with colorectal cancer.
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.
The massive seizure of cocaine marked the latest instance of the illicit drug being found hidden in a shipment of the fruit.
Air Canada will seek a new CEO with "the ability to communicate in French" after Rousseau's English-only condolence message about the deadly New York crash.
According to a recent report, nearly one in four species catalogued by the CMS are threatened with extinction on a worldwide scale.
The forces give Trump military options in Iran, including operations that could target opening the Strait of Hormuz, take oil from Kharg Island or seize Iran's stockpile of enriched uranium, sources said.
Thieves made off with three paintings by Renoir, Cézanne and Matisse worth millions from an Italian museum in under three minutes, reports say.
The New York Times says the Defense Department flouted a court order blocking it from enforcing a policy limiting press access to the Pentagon.
Mo Rocca sits down with Tony Award-winner André De Shields, Ken Ard, Junior LaBeija and Leiomy, who star in "Cats: The Jellicle Ball."
Mo Rocca sits down with Zhailon Levingston and Bill Rauch, the directors of "Cats: The Jellicle Ball."
Mo Rocca learns some tricks from the dancers in "Cats: The Jellicle Ball."
Award-winning actor David Oyelowo speaks with "CBS Mornings" about starring in the psychological thriller "Newborn." The film follows Chris Newborn as he tries to rebuild his life and reconnect with family after serving seven years in solitary confinement. Oyelowo explains how he prepared for his role and speaks about losing his father to cancer on the first day of shooting the movie.
Many have dreamed of a future with flying cars, eliminating traffic on the morning commute. One company is trying to make that dream a reality. Itay Hod reports.
A judge has temporarily blocked the Pentagon's attempt to designate Anthropic as a supply chain risk. CBS News legal contributor Jessica Levinson joins with analysis.
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.
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.
According to a recent report, nearly one in four species catalogued by the CMS are threatened with extinction on a worldwide scale.
NASA is poised to launch four astronauts April 1 on a historic nine-day trip around the moon and back. Here's everything to know about the Artemis II mission.
Arctic sea ice levels are crucial to Earth's climate because, without the ice reflecting sunlight, more heat energy goes into the oceans.
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 massive seizure of cocaine marked the latest instance of the illicit drug being found hidden in a shipment of the fruit.
Thieves made off with three paintings by Renoir, Cézanne and Matisse worth millions from an Italian museum in under three minutes, reports say.
Desmond Freeman fled into dense bushland in August last year after shooting and killing two police officers who came to search his rural home.
A couple is attacked as they slept. They later team up with law enforcement and get their assailant to confess to more crimes. "48 Hours" correspondent Tracy Smith reports.
After their kidnapping case drew national attention because they were accused of making it up, Denise Huskins Quinn and Aaron Quinn worked with law enforcement to help uncover additional crimes committed by their attacker – helping to bring justice to other victims and reclaiming their own story.
NASA is hoping to lift off Wednesday on its Artemis II mission that will send a four-member crew on a nine-day trip around the moon and back before splashing down off the coast of San Diego. Mark Strassmann has more.
NASA's Artemis II astronauts — three space station veterans and a Canadian rookie — stand out even in an astronaut corps full of super achievers.
NASA is poised to launch four astronauts April 1 on a historic nine-day trip around the moon and back. Here's everything to know about the Artemis II mission.
The Artemis II crew is in quarantine ahead of a launch scheduled for Wednesday. If all goes well, the crew will fly around the far side of the moon, going farther from Earth than any human in history. Mark Strassmann reports.
The countdown to launch of the Artemis II crew's flight around the moon begins Monday at the Kennedy Space Center in Florida.
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.
White House press secretary Karoline Leavitt spoke to reporters Monday about negotiations concerning the Iran war. CBS News White House reporter Aaron Navarro has more.
The DHS shutdown, now the longest in history at 45 days, is set to stretch on after House Republicans rejected a Senate-passed solution to the standoff late last week. CBS News congressional correspondent Caitlin Huey-Burns has more.
March is blood clot awareness month and doctors stress that early detection can be lifesaving. It's estimated that each year, blood clots kill tens of thousands of Americans. Natalie Brand shares one man's story
Thousands more U.S. forces are arriving in the Middle East as the war in Iran enters its second month. CBS News Pentagon reporter Eleanor Watson has more.
A post-pandemic running boom is changing the sport with millions of people joining run clubs and signing up for races each year, even the toughest marathons. Evyn Moon takes a look at the surge in applicants and the big impact these events have on their communities.