Layoffs hit 20-year low in April as job market stayed tight
The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high.
The white-hot demand for U.S. workers cooled a bit in April, though the number of unfilled jobs remains high.
What possible actions are on the table for President Biden to address gun violence? CBS News chief White House correspondent Nancy Cordes joins "Red and Blue" to discuss this, plus rising inflation and record-high gas prices.
President Biden is meeting Tuesday with Federal Reserve Chair Jerome Powell. The president says the Fed has the primary responsibility to control inflation and he will refrain from meddling in its process. Washington Post economic columnist Heather Long discusses what this could entail and how Americans worried about a possible recession can prepare.
Americans have been facing rapidly increasing prices at the gas station and grocery store and in the housing market. President Biden is expected to address this during a meeting with Federal Reserve Chairman Jerome Powell on Tuesday. Frances Stacy, director of strategy at Optimal Capital, joined "CBS News Mornings" to discuss what's contributing to high inflation.
Although U.S. inflation remains painfully high, two closely watched barometers suggest prices are moderating.
"The Federal Reserve plays a primary role in fighting inflation," President Biden said in his statement on Powell's confirmation.
The Dow Jones dropped Thursday following the release of the weekly jobless numbers and the Federal Reserve announcing a 0.5% interest rate hike as part of its ongoing effort to combat rising inflation. Frances Stacy, the director of portfolio strategy at Optimal Capital, joins CBS News to discuss the overall health of the U.S. economy.
The Fed raised its rate by .25% in March, which some experts felt was not enough.
The Federal Reserve announced a 0.25% interest rate hike -- the first increase since 2018. The Wall Street Journal's chief economics correspondent Nick Timiraos, author of "Trillion Dollar Triage: How Jay Powell and the Fed Battled a President and a Pandemic and Prevented Economic Disaster," joins CBS News to explain what this means for American consumers.
The quarter-point hike is the first rate increase since 2018 as the central bank looks to rein in inflation.
The Federal Reserve chairman said the effects of the invasion in Ukraine remain "highly uncertain."
Republicans on the Senate Banking Committee skipped Tuesday's meeting, denying Democrats the quorum needed to advance Biden nominees.
An economic analysis report shows a key inflation measure rose 5.8% last year, the highest it's been since 1982. Despite a big leap in the stock market numbers late Friday, major indexes are still down this year. Terry Haines, founder of Pangaea Policy, joins CBS News after the New York Stock Exchange's closing bell to break down how inflation is effecting the economy and what can be done to correct it.
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
The Federal Reserve is signaling it plans to begin raising interests rates soon. Officials are hoping the move will help ease inflation, which has risen to its highest level in decades. Dana Peterson, chief economist for The Conference Board, joins CBS News' Elaine Quijano to discuss.
President Biden has vowed to tackle the rising rate of inflation in the U.S. But many Americans don't feel like his administration is doing enough, despite steady economic growth during his first year in office. Chief economist for Morning Consult John Leer joins CBSN's Lana Zak to discuss.
The Labor Department says inflation in the U.S. jumped 7% between December 2020 and December 2021. That's the biggest increase since 1982. Peter Morici, an economist and emeritus professor at the University of Maryland, joins CBSN's Lilia Luciano to discuss what the latest data means for our economy.
Inflation surged to its highest level in nearly four decades in 2021. The Consumer Price Index increased by 0.5% in December, for a total annual increase of 7%. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join CBSN to discuss the Biden administration's plans to combat inflation and what it means for Americans moving forward.
A new Department of Labor report reveals the U.S. added 199,000 jobs in December. The unemployment rate has fallen to 3.9%. This comes as the country confronts a surge in COVID-19 infections and rising inflation. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to discuss the current and future labor market.
As inflation soars, the Federal Reserve says it could raise interest rates at least three times in 2022. CBS News senior White House and political correspondent Ed O'Keefe joins CBSN's Lana Zak to discuss that and more.
The Federal Reserve signaled that it may raise interest rates at least three times in 2022, hoping to ease the staggering inflation that has Americans paying more for just about everything. Ed O'Keefe has the details.
The Federal Reserve is rolling out a new plan to help fight rising inflation. CBS News reporter Sarah Ewall-Wice breaks down how this could impact Americans' everyday lives.
The pandemic has made it even more difficult for experts to predict job growth. Josh Mitchell, a staff reporter with the Wall Street Journal, joins Elaine Quijano on CBSN's "Red & Blue" to explain why.
President Biden traveled to Minnesota Tuesday to highlight aspects of his $1 trillion infrastructure plan. Mr. Biden's trip comes as concerns over the new COVID-19 variant, rising inflation and issues within the nation's supply chain threaten to derail his overall economic agenda. CBS News senior White House correspondent Weijia Jiang joins CBSN's Ed O'Keefe to discuss.
Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen testified before the Senate banking committee Tuesday. They addressed top economic concerns including rising inflation and the approaching deadline to raise the debt ceiling. CBS News reporter Sarah Ewall-Wice joins CBSN's "Red & Blue" with more.
The shooter died of an apparent self-inflicted gunshot wound, police said. One witness said, "I just really couldn't believe it was happening in my own neck of the woods."
The longest-serving monarch in British history may have one of the most familiar faces on the planet, but she's still full of surprises.
The judge said state law caps punitive damages at $350,000, meaning Depp's award would total $10.35 million.
The move will erase debt for more than 560,000 borrowers.
Secretary of State Brad Raffensperger was subpoenaed in the unprecedented criminal probe.
When asked Friday if he would call a special legislative session, Abbott said "all options are on the table" and he said he believed ultimately that laws would be passed.
Heard could file for bankruptcy, but would still be on the hook for punitive damages, an attorney said.
Tesla CEO says employees who don't show up to the electric car maker's offices will be assumed to have resigned.
The ban will likely strike a heavy blow to millions of impoverished farmers and day laborers who rely on proceeds from the crop to survive, and it comes as Afghanistan's economy has collapsed.
The shooter died of an apparent self-inflicted gunshot wound, police said. One witness said, "I just really couldn't believe it was happening in my own neck of the woods."
Charles Booker is running a long-shot campaign to unseat incumbent GOP Sen. Rand Paul in November.
Tesla CEO says employees who don't show up to the electric car maker's offices will be assumed to have resigned.
Heard could file for bankruptcy, but would still be on the hook for punitive damages, an attorney said.
The judge said state law caps punitive damages at $350,000, meaning Depp's award would total $10.35 million.
Heard could file for bankruptcy, but would still be on the hook for punitive damages, an attorney said.
Even those who cheer Europe's embargo on Russian energy predict short-term price shocks for nations and consumers.
The move will erase debt for more than 560,000 borrowers.
Tesla CEO says employees who don't show up to the electric car maker's offices will be assumed to have resigned.
"I think I was wrong then about the path that inflation would take," Treasury Secretary Janet Yellen told CNN.
Formula manufacturers said they alerted retailers of a looming shortage in February.
Charles Booker is running a long-shot campaign to unseat incumbent GOP Sen. Rand Paul in November.
The move will erase debt for more than 560,000 borrowers.
When asked Friday if he would call a special legislative session, Abbott said "all options are on the table" and he said he believed ultimately that laws would be passed.
Sandberg, the chief operating officer, has been Zuckerberg's number 2 for 14 years.
Clinical health psychologist Dr. Natalie Datillo explains how patients can make connections to reduce pain and increase mobility.
Formula manufacturers said they alerted retailers of a looming shortage in February.
President Biden met with baby formula manufacturers, pressing them on what they're doing to improve supply. Even as the U.S. airlifts formula from overseas, it's just a fraction of what the U.S. needs to feed millions of children. Nancy Chen reports.
Kids younger than 5 are one step closer to being eligible for a COVID-19 vaccine. Pfizer applied for emergency use authorization for kids 6 months to 5 years old -- the only age group vaccines are not yet approved for. Nikki Battiste reports.
"The great Peanut Butter shortage of 2022 continues," proclaims theme park eatery in explaining holes in menu.
Across France, more than 300 people have reported being pricked out of the blue with needles at nightclubs or concerts in recent months. Similar accounts have emerged elsewhere.
The ban will likely strike a heavy blow to millions of impoverished farmers and day laborers who rely on proceeds from the crop to survive, and it comes as Afghanistan's economy has collapsed.
The longest-serving monarch in British history may have one of the most familiar faces on the planet, but she's still full of surprises.
As the new weapons shipments were announced, a Russian missile hit rail lines in the western Lviv region, a key conduit for supplies of Western weapons and other supplies, officials said.
The plant stretches 111.847 miles and is at least 4,500 years old.
The longest-serving monarch in British history may have one of the most familiar faces on the planet, but she's still full of surprises.
The judge said state law caps punitive damages at $350,000, meaning Depp's award would total $10.35 million.
The licensing company that controls his name and image is ordering Sin City chapel operators to stop using him in themed ceremonies, a newspaper reports. And that's leaving chapels all shook up.
Korean pop supergroup BTS visited the White House on Tuesday to discuss ending anti-asian violence on the last day of Asian American and Pacific Islanders heritage month. CBS News senior White House and political correspondent Ed O'Keefe reports.
The United Kingdom and its 14 Commonwealth realms are marking the 70th anniversary of Queen Elizabeth II's ascension to the throne.
Sheryl Sandberg is stepping down as the chief operating officer at Facebook's parent company, Meta. She has been with the social media company for 14 years and will continue to serve on the company's board.
Sandberg, the chief operating officer, has been Zuckerberg's number 2 for 14 years.
Boston Children's Hospital was attacked in the summer of 2021 and investigators were able to identify and repel the threat.
New details are emerging about possible warning signs in the weeks leading up to the May 24 shooting at the Robb Elementary School in Uvalde, Texas. The 18-year-old shooter reportedly had a history of harassing and threatening teenage girls online, particularly on the social media app Yubo. CBS News tech reporter Dan Patterson has more.
The Texas law, championed by conservatives, aimed to keep social media platforms like Facebook and Twitter from censoring users based on their viewpoints.
More than 6 million Californians are under new water restrictions as of June 1. The Metropolitan Water District of Southern California made an urgent call for a 35% reduction in water use, as nearly the entire state is under severe drought. CBS's Elaine Quijano spoke with Adel Hagekhalil, the water supplier's general manager, about how these new rules will affect people's lives.
Millions of people in southern California are facing new water restrictions thanks to a megadrought crippling the Southwest. But southern Nevada has been conserving water for years. The area's latest move is to tear out all non-functional grass to save nearly 10 billion gallons of water. CBS News senior environmental correspondent Ben Tracy reports.
NASA's James Webb Space Telescope could soon provide some answers about other planets in the far reaches of the Milky Way. Assistant astronomer at the Space Telescope Science Institute Néstor Espinoza speaks with CBS News anchor Lana Zak about the what scientists hope to learn from these other planets.
Some sang "We will, we will stop you!" to the tune of Queen's 1977 rock anthem "We will rock you." Some glued themselves to their seats.
No non-American has ever touched down on the lunar surface, and Japan has previously said it hopes to achieve a Moon landing by the end of this decade.
Across France, more than 300 people have reported being pricked out of the blue with needles at nightclubs or concerts in recent months. Similar accounts have emerged elsewhere.
Police in Tulsa, Oklahoma, say a gunman killed 4 people at Saint Francis Hospital before dying of a self-inflicted gunshot wound. Watch a briefing from local officials on the investigation.
The shooter died of an apparent self-inflicted gunshot wound, police said. One witness said, "I just really couldn't believe it was happening in my own neck of the woods."
The 25-count indictment also contains charges of murder and attempted murder as a hate crime and weapons possession.
Jacob Albarado was in his barber's chair when both men got text messages about the shooting unfolding at Robb Elementary School in Uvalde, Texas.
The contracts are valued at up to $3.5 billion.
"Amateur and professional astronomers around the world have been tracking its spectacular disintegration for years," NASA said.
A successful fueling test will clear the way for the moon rocket's first test flight as early as August.
SpaceX launched 59 small payloads while Boeing wrapped up its Starliner space station flight
For the first time, two U.S. astronaut ferry ships, from two different vendors are docked at space station.
One of these shows could be your next binge obsession.
Looking for something fresh to watch? Here are the top films available on the streaming platform.
Find out which U.S. metropolis took the top spot on Orkin's latest "Rattiest Cities" list.
Donald Trump, Barack Obama, George W. Bush – how do the presidents of our era compare with those who came before?
With compensation reaching up to nearly $10,000 per month, these internships are big deals.
Sir Paul McCartney and best-selling author Tina Brown reflect on the queen’s unprecedented reign. The special airs on the Queen’s Platinum Jubilee at 10 p.m. ET on Thursday, June 2 on CBS, and will be streaming on Paramount +.
Gun control talks continue on Capitol Hill; Adm. Linda Fagan becomes commandant of Coast Guard.
Police in Tulsa, Oklahoma, say a gunman killed 4 people at Saint Francis Hospital before dying of a self-inflicted gunshot wound. Watch a briefing from local officials on the investigation.
According to a new report published by Jones Lang LaSalle, 69% of office workers believe hybrid work will be fundamental to retain the workforce in the future. Cynthia Kantor, the chief client and growth officer at Jones Lang LaSalle, joins CBS News' Elaine Quijano to discuss.
The Biden administration has announced new trade initiatives with Taiwan to strengthen economic ties, focusing on supply chains, clean energy, labor rights and technology exports. Tensions between Washington and Beijing are already high after President Biden promised to defend Taiwan if it was invaded. Shelley Rigger, a political science professor at Davidson University, joined CBS News' Elaine Quijano to discuss.