U.S. employers added 339,000 jobs in May as hiring surged
Hiring surged in May, indicating the job market remains resilient despite high-interest rates and still-elevated inflation.
Watch CBS News
Hiring surged in May, indicating the job market remains resilient despite high-interest rates and still-elevated inflation.
A new federal reserve survey shows 35% of those polled believe they're worse off than a year ago. But there are some areas where prices are improving.
A new Federal Reserve survey on economic confidence shows a record number of people say they’re not doing “at least OK financially.” University of Minnesota Professor Paul Vaaler reality check things when it comes to inflation -- and how we're doing.
Target has reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Italian officials are investigating why macaroni prices have risen by more than twice the rate of the country's overall inflation.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Stocks rose to their highest level in almost two months in another sign that inflation is cooling.
Stocks closed lower following latest update on inflation and warning of possible recession.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
Neel Kashkari says he has faith in the banking system, but he's monitoring the impact of recent bank failures on future lending and inflation.
The president of the Minneapolis Federal Reserve Bank says he has faith in the banking system, but he's monitoring the impact of recent bank failures on future lending and inflation.
More than a third of consumers are struggling to stay afloat, but the problems are worse in some states.
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
The chairman of the Federal Reserve told lawmakers that the Central Bank will need to raise interest rates higher than previously expected in order to tame inflation.
Majority of NABE survey respondents who envision a recession in 2023 don't see it happening until after March.
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
New data from the Bureau of Labor and Statistics shows while U.S. inflation grew at a 6.4% percent annual rate in January, down 0.1% from December. CBS News contributor and Axios managing editor of business and markets Javier David joined CBS News' Seth Doane and Anne-Marie Green to discuss this latest economic indicator.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
Blistering job growth last month and weaker growth by large tech players are dragging markets lower.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
With egg costs more than doubling in the past year, calls are coming for an investigation into possible price gouging.
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Recent trips to the grocery store to pick up eggs may have given you sticker shock. The bird flu impacted production last year, and high demand led to prices peaking in late December.
This holiday season, you might pull out a Betty Crocker cookbook to find a tried and true recipe.
There are a lot of quirky town names in Minnesota: Embarrass, Nowthen, Clontarff, Kiester. But the people of Nimrod believe their name stands out from the rest.
Flames tore through a building and well-known horse farm near Winona on Thursday afternoon.
RJ Barrett scored 31 points, Scottie Barnes added 17 points in his return from injury, and the Toronto Raptors won back-to-back games for the first time this season by beating the Minnesota Timberwolves 110-105.
Authorities are asking for the public's help in finding a missing 71-year-old woman with dementia from White Bear Lake.
Authorities are asking for the public's help in finding a missing 71-year-old woman with dementia from White Bear Lake.
Last year, Minnesota lawmakers passed new protections after a young woman testified about contamination in her community just before she died. Her sister is now carrying on the fight to protect other families.
Minneapolis Mayor Jacob Frey on Thursday vetoed a City Council proposal that would establish a citywide labor standards board.
A man is expected to survive after being shot during a possible drug deal in Minneapolis' Dinkytown neighborhood Thursday morning, police said.
The Minnesota Department of Health and the United States Department of Agriculture say they have confirmed a total of 15 cases of E. coli related illnesses in Minnesota.
There are a lot of quirky town names in Minnesota: Embarrass, Nowthen, Clontarff, Kiester. But the people of Nimrod believe their name stands out from the rest.
Flames tore through a building and well-known horse farm near Winona on Thursday afternoon.
Authorities in Pine County are searching for an 82-year-old man who told family he was leaving for Texas in early November and hasn't been heard from since.
A southwest Minnesota man is donating his time and skills to provide a service that most of us didn't know needed to be done.
A recount of a close Minnesota House race on Thursday could determine the balance of power in the chamber, which now stands at a political tie, according to the unofficial results from the election two weeks ago.
The Wisconsin Supreme Court is grappling with a case affecting whether the swing state's nonpartisan top elections official can remain in her post despite not being reappointed and confirmed by the state Senate.
Documents say Steven Williams resigned from the Prescott, Wisconsin police force "in lieu of termination."
An attorney representing a conservative prosecutor struggled Monday to convince Wisconsin's liberal-leaning Supreme Court to reactivate the state's 175-year-old abortion ban.
Jennie-O turkey brand will display its float at Macy's Thanksgiving Day Parade for the fifth consecutive year.
Traffic is backed up on a major interstate in western Wisconsin Tuesday morning due to a crash.
A man is expected to survive after being shot during a possible drug deal in Minneapolis' Dinkytown neighborhood Thursday morning, police said.
A warm place to live may be taken for granted, but for a veteran taking over his family home, it's a gift.
Michael Fuller and Mahesh Mathew are finding purpose on Twin Cities running paths together.
One issue veterans face is finding a job after they finish their service. They have skills, of course, but they are not always valued as work experience. The University of Minnesota Medical School is hoping to change that.
Alan Vanhoever and Brian Neidt are honored to have served the United States. Both struggled with addiction for years before giving a specialized long-term program a try.
President-elect Donald Trump made the announcement Thursday evening after Matt Gaetz withdrew himself from consideration.
President-elect Donald Trump announced Gaetz as his nominee to be attorney general last week.
A recount of a close Minnesota House race on Thursday could determine the balance of power in the chamber, which now stands at a political tie, according to the unofficial results from the election two weeks ago.
A woman told police she was sexually assaulted in 2017 by Pete Hegseth, according to a detailed, newly released police report. He is now President-elect Trump's choice for defense secretary.
State regulators denied two-thirds of the applications seeking one of the initial "preapproved" licenses to operate a cannabis business in Minnesota, a spokesperson for the Office of Cannabis Management said by email.
The average price for a typical turkey is about $25 this year. That's 6% cheaper than last November.
"We literally walk in and dust off the jackets because they have been sitting for a while," she said.
Thieves capture radio signals from your key fob by using a device that grabs that fob's signal, even from long distances. That signal can be stored and re-used.
The price of housing in Minneapolis rose less over the last five years compared to other metro areas around the U.S.
The Wild also partnered with community food shelves to give out Turkeys this holiday season.
A man is expected to survive after being shot during a possible drug deal in Minneapolis' Dinkytown neighborhood Thursday morning, police said.
A woman in her 60s has been charged with fatally striking a person with her car back in July near Hibbing, according to documents filed Tuesday in Itasca County.
Roseville city officials say that more than 18,000 feet of copper wire was stolen.
Criminal charges have been dropped against two teenage brothers in connection to the fatal shooting of their 15-year-old cousin in Minneapolis this summer.
Police say an 18-year-old man is dead after he was shot on Tuesday night near Minneapolis' Little Earth of United Tribes housing area.
Last year, Minnesota lawmakers passed new protections after a young woman testified about contamination in her community just before she died. Her sister is now carrying on the fight to protect other families.
The Minnesota Department of Health and the United States Department of Agriculture say they have confirmed a total of 15 cases of E. coli related illnesses in Minnesota.
PFAS are forever chemicals used in everyday items like nonstick pans, dental floss and food packaging that can build up in our bodies and harm our health.
A new Minnesota state law requires school districts or charter schools to adopt a policy on the use of cellphones in school by March of next year. But one nonprofit has gotten a jump start, working with students to help them find a balance between devices in and out of school.
The Mayo Clinic says surgeons there successfully performed a face transplant for a Michigan man who was severely injured from a self-inflicted gunshot wound 10 years ago.
After almost a decade of "Disney on Ice" performances, a Minnesota native is eagerly anticipating his first show at the Xcel Energy Center.
Post Malone announced Tuesday that the "Big A** Stadium Tour" will come to U.S. Bank Stadium on May 20, 2025.
The much-hyped fight pitting the 58-year-old Tyson against Paul, 27, shattered records but was marred by tech glitches.
Betty White will be honored with a stamp in 2025, the U.S. Postal Service announced on Friday.
Mike Tyson, a boxing legend, and Jake Paul, a social media legend, threw down Friday in Dallas. Financially, they both came out winners.
RJ Barrett scored 31 points, Scottie Barnes added 17 points in his return from injury, and the Toronto Raptors won back-to-back games for the first time this season by beating the Minnesota Timberwolves 110-105.
The head coach of the University of St. Thomas' women's hockey team has resigned following an "incident," according to the school, which would not disclose the details of what occurred.
Parker Fox scored 16 points off the bench to spark Minnesota to a 58-47 win over Cleveland State.
Kirill Kaprizov scored a pair of third-period goals, and Jonas Brodin and Ryan Hartman also scored to help the Minnesota Wild beat the St. Louis Blues 4-2 on Tuesday night.
The Minnesota Vikings have been hounding quarterbacks all season and often without any extra help.
In this election, Klobuchar faired much better than all other Senate Democrats — she won by a significantly larger margin.
For Democrats the postmortem continues on why Vice President Kamala Harris and her Running mate Governor Tim Walz performed more poorly with almost every demographic than Joe Biden did in 2020. In Minnesota, Senator Amy Klobuchar did much better than Harris with some of those same groups.
As Election Day nears, experts say voters in Wisconsin and other battleground states will decide the 2024 presidential election winner.
As Election Day nears, experts say voters in Wisconsin and other battleground states will decide the 2024 presidential election winner.
As Election Day nears, experts say voters in Wisconsin and other battleground states will decide the 2024 presidential election winner.
There are a lot of quirky town names in Minnesota: Embarrass, Nowthen, Clontarff, Kiester. But the people of Nimrod believe their name stands out from the rest.
Did you know that donkeys are fast, smart and can build life-long bonds with other animals and people? It's believed that donkeys are smarter than most dogs.
The Fitzgerald Theater is the oldest active theater in St. Paul — but is it also haunted?
Wisconsin bars are known for their pints and their patrons. About the last thing you'd expect to discover in such a place would be 55 feet of historic American artwork.
Did you know Minnesota has a real castle? Miller Castle, near Nisswa.
This holiday season, you might pull out a Betty Crocker cookbook to find a tried and true recipe.
Krueger is the third-generation owner of Krueger's Christmas Tree Farm. While he finds joy in knowing the evergreens will make a family happy, they might not realize the effort it took to reach these towering heights.
As President-elect Donald Trump fills out his cabinet, there's one department for which he's yet to announce a leader. That could be because he promised it wouldn't exist after taking office.
The tiny sensory organs that cover our tongue allow us to detect five basic tastes: sweet, salty, bitter, sour and umami — which is a savory, rich or meaty flavor.
Grabbing a TV for a steal-of-a-deal is a popular move during the holiday season. This year, industry experts are expecting shoppers to go big — like really big.
Regions Hospital and Children's Minnesota share photos of their tiniest patients dressed to the nines for Halloween.
Minnesotans got a great view of the northern lights Thursday night due to the arrival of a severe geomagnetic storm.
Minnesotans got a great view of the northern lights Monday night.
Storms ripped through parts of Minnesota and western Wisconsin on Thursday evening. There were several reports of tornadoes and trees were downed in the metro and beyond, including in Cottage Grove, Anoka, Champlin and Fridley.
A powerful thunderstorm tore through the grounds of the Minnesota State Fair on Monday night, delaying Tuesday's opening.
It's starting to stay chilly, with high temps in the 30s on Friday.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
WCCO meteorologist Chris Shaffer has your latest forecast.
The wind will slowly die down Thursday night, but temperatures will also start to drop.
WCCO meteorologist Adam Del Rosso has your latest forecast and it's a chilly one!
It's starting to stay chilly, with high temps in the 30s on Friday.
It’s one of the nation’s most recognizable brands.
The residents of Nimrod say they believe their name stands out from the rest.
Officials say the Wisconsin man paddled to the middle of a southern Wisconsin lake in a kayak, overturned it, and paddled to shore. From there he rode his e-bike to a bus station.
If you flew out last Thanksgiving, expect it to be even busier this year.