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The U.S. Department of Labor reported today U.S. employers added more than 260,000 jobs last month -- exceeding expectations. But, the unemployment rate also rose 3.7%. Daniel Zhao, a senior economist for Glassdoor, breaks own the latest jobs report.
The latest jobs report shows 261,000 new jobs were added in October and the unemployment rate edged up slightly to 3.7%. The president of BancAlliance and former director of the Treasury Department's Troubled Asset Relief Program discusses what this data signals about the economy and CBS News senior White House correspondent Weijia Jiang reports on how the jobs numbers could impact the midterm elections.
Although the country continues to move forward, one inflation-walloped voter asks: "What do I cancel next?"
The Labor Department reported a drop in jobless claims for the week ending Oct. 29. This comes as the Federal Reserve hiked interest rates this week in an effort to tame rising inflation. Nick Bunker, economic research director for the Indeed Hiring Lab, joined CBS News to help bring clarity to the state of the economy and project what could be next.
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to provide an update on the housing market, as mortgage rates hit a 20-year high. She also checks in on the rental market and provides advice for homeowners staying in their homes.
Mortgage rates dipped for the first time in months as the Federal Reserve announced its latest interest rate hike. Javier David, managing editor of business and markets at Axios, joins "CBS News Mornings" with the latest.
Higher fuel prices are expected to make this a tough winter for homeowners. But there are ways to help you save on your heating bills. Meg Oliver has more.
Families can expect to pay nearly 18% more to heat their homes this winter.
The Fed lifted its key interest rate again, marking the sixth rate hike this year and the fourth consecutive 0.75 percentage point jump since June. William Lee, the chief economist at the Milken Institute, joins Elaine Quijano to discuss the policy.
Inflation is fueling a big increase in home heating costs, but there are ways to help you save on your heating bills this winter. Meg Oliver has more.
The Federal Reserve raised its benchmark interest rate by three-quarters of a point as it seeks to ease inflation. Robert Costa reports on the impact it could have on the midterm elections.
President Biden is delivering a speech Wednesday night near Capitol Hill about the preservation of democracy. White House principal deputy communications director Kate Berner joins "Red and Blue" to discuss his speech, his economic agenda, and his travel schedule ahead of Election Day.
"Hawkish" policy statement from Fed leads investors to abandon hope of easing rate increases.
The Federal Reserve has taken the aggressive step of raising interest rates by another three-quarters of a percentage point. Jeff Taylor, board member at the Mortgage Bankers Association, and CBS News reporter Sarah Ewall-Wice join anchors Errol Barnett and Lana Zak to discuss what this means for the economy.
The Federal Reserve is widely expected to raise interest rates by three-fourths of a percentage point. Lori Bettinger, president of BancAlliance and former director of the Troubled Asset Relief Program, joins CBS News' Errol Barnett and Lana Zak on how this will impact consumers.
In an effort to bring down the worst inflation the U.S. has seen in years, regulators are prepared to hike interest rates by another three quarters of a percentage point Wednesday. Megan Greene, senior fellow at Brown University and global chief economist at the Kroll Institute, joins CBS News to discuss the fallout and what it means for home buyers and sellers.
Niche investment is exploding in popularity, with one finance pro calling it "the closest thing to a free lunch I've seen."
Federal Reserve policymakers are meeting Wednesday and it's likely they will raise interest rates by another 75 basis points in a continued effort to curb inflation. Previous rate increases have pushed the average 30-year fixed mortgage rate above 7%. Nancy Chen reports on how already high rates are affecting the housing market.
North, South Korea exchange missile tests; Federal Reserve expected to raise interest rates as housing market sees slowdown.
Economists had expected the number of job openings to drop below 10 million for the first time since June 2021.
At least 14 hurt in Chicago shooting; Euro zone inflation hits record high 10.7% in October.
The Federal Reserve is widely expected to raise interest rates by another 75 basis points on Wednesday. Jon Hilsenrath, a senior writer for The Wall Street Journal, discussed why and what this move means for the U.S. economy.
The economy and crime are some of the top issues for voters as the 2022 midterm elections approach. Mark Strassmann has more.
The first coins featuring the face of King Charles III are being produced by the Royal Mint in Wales. The 50 pence coin also features a tribute to Queen Elizabeth II.
Candy prices are soaring this Halloween thanks to inflation. It's not just candy, pumpkin prices are also up. Carter Evans takes a look.
He said he'd do it to help crack down on illegal immigration and drugs. Economists say such tariffs could dramatically raise prices on everything from gas to autos.
Special counsel Jack Smith asked a federal judge to toss out the charges against President-elect Donald Trump in the case stemming from the 2020 election.
Special counsel Jack Smith asked a federal appeals court to dismiss his appeal in the documents case against President-elect Donald Trump.
Susan Lorincz was sentenced to 25 years in prison for shooting Ajike Owens, her Black neighbor, through her front door last year.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
President-elect Donald Trump threatened to impose new tariffs on Mexico, Canada and China as soon as he takes office as part of his efforts to crack down on illegal immigration and drugs.
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.
Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
Most Americans are forced to retire earlier than they had expected, often disrupting their financial planning.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
Two CBS News correspondents conducted an experiment to see which was better at planning a trip — AI or a person. Here's what they found.
Millions of Americans would be eligible to have popular weight-loss drugs like Wegovy or Ozempic covered by Medicare and Medicaid under a rule the Biden administration has proposed.
Walmart is rolling back its diversity, equity and inclusion policies, joining a growing list of major corporations doing the same after coming under attack by conservative activists.
President-elect Donald Trump skipped President Biden's inauguration following Trump's supporters' Capitol assault.
A tree that survived Hurricane Helene in North Carolina was unveiled as the 2024 White House Christmas tree.
Republicans vying for jobs allege Trump transition aide Boris Epshteyn has been mixing private consulting with his transition role.
In 2020, West Virginia launched a pilot program to subsidize GLP-1 drugs for public employees, but the program was shuttered in March.
About 20% of patients — as many as 1 in 5 — may not respond well to medications like Mounjaro and Wegovy, according to several obesity experts.
When it comes to eating healthy, all of us respond to foods differently. The National Institutes of Health's new nutrition study hopes to finally provide Americans a personalized answer to the question: "What should I eat?"
From the four food groups to the Food Pyramid, the U.S. government has long offered guidance to Americans hoping to eat a healthier diet. But there's growing scientific consensus that when it comes to eating healthy, all of us respond to foods differently. And to prove it, the National Institutes of Health has embarked on the most ambitious nutrition study ever, hoping to finally provide Americans a personalized answer to the question: "What should I eat?" Correspondent Lee Cowan reports.
Glioblastoma typically kills within 18 months, but a new type of treatment has kept Nadya El-Afandi's scans clear 17 months after diagnosis.
Scuffles and fistfights broke out weeks after a deadly rail station roof collapse that ignited tensions in the Balkan state.
Police thought a shoe thief was on the loose at a kindergarten, until a security camera caught the furry culprit in action.
Trans performance artist Ling'er says she was forced to undergo electroshock treatments at a hospital in China that left her with a heart condition.
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
Authorities in Egypt say a luxury yacht that set off with 45 people from the Red Sea port of Ghalib for a week-long diving trip sank, with 28 rescued and 16 still missing.
The petition alleges UMG used bots to drive up streams on "Not Like Us," paid radio promoters to increase air play and paid Apple to have Siri misdirect users to Kendrick Lamar's hit song.
"Wicked" led the box office with $114 million, while "Gladiator II" earned $55 million in a record-setting pre-Thanksgiving weekend. The combined success marks the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic. Rebecca Rubin, a senior film and media reporter with Variety, has more.
While "Gladiator II" earned $55 million at the box office domestically, "Wicked" soared with $114 million. It was the biggest pre-Thanksgiving weekend opening since the COVID-19 pandemic, with the two movies earning the nickname "Glicked."
Barbara Taylor Bradford was one of the world's most popular and wealthiest writers, her net worth estimated at more than $200 million.
One of the most successful computer games of all time is currently being developed by Apple as a forthcoming movie.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
More than one third of travelers says they've incorporated artificial intelligence into their travel planning, according to a recent survey. CBS News compared how efficient booking a trip with the help of AI is compared to doing the research yourself.
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.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
At a Price Chopper outside Kansas City, shoppers are test driving the new Caper Cart, featuring digital screens, GPS, cameras equipped with artificial intelligence, and packaging scanners that spit out coupons. Correspondent Jonathan Vigliotti looks at the technology used to "reinvent the wheel" of the shopping cart.
At the Johnson Space Food Systems Laboratory in Houston, NASA scientists develop dishes – freeze-dried, heat-stabilized, or irradiated – to serve on the International Space Station. Correspondent David Pogue checks out what's on the menu in Earth orbit.
This winter, the National Oceanic and Atmospheric Administration predicted above-average temperatures throughout the U.S. because of a "slowly developing" La Niña pattern. CBS News Sacramento meteorologist Tracy Humphrey reports on the changing winter conditions.
The only emperor penguin known to have swum from Antarctica to Australia was released at sea 20 days after he waddled ashore on a popular tourist beach.
A volcano erupted in southern Iceland, near the town of Grindavík and the Blue Lagoon spa, marking the region's seventh eruption in a year.
Conservationists are teaming up with the U.S. Forest Service and logging companies to clear scorched land and make room for new reforestation projects.
A California judge on Monday delayed his decision on whether to resentence the Menendez brothers until January. In October, the outgoing Los Angeles district attorney requested a judge reconsider Lyle and Erik's sentences for the 1989 murders of their parents after new evidence was introduced. CBS News correspondent Elise Preston reports.
The NFL and the NBA have issued warnings to players about transnational gangs that may be targeting them for burglaries. CBS News national security contributor Sam Vinograd has more on the criminals behind the schemes.
There are three legal paths for the Menendez brothers to potentially leave prison after serving several decades for the 1989 killings of their parents. CBS News legal contributor Jessica Levinson breaks down the latest in their legal battle.
Susan Lorincz was sentenced to 25 years in prison for shooting Ajike Owens, her Black neighbor, through her front door last year.
A suspect in the fatal shooting of a woman and her 4-month-old son inside a car in Hartford, Connecticut, was arrested in Puerto Rico, officials said.
Marc and Sharon Hagle, both making their second space flight, were among the passengers for the NS-28 mission.
The ninth Blue Origin space tourism flight launched from West Texas Friday morning. CBS News space consultant Bill Harwood and space expert Scott Heidler offered analysis of the flight.
President-elect Donald Trump attended SpaceX's sixth flight test of its Super Heavy-Starship on Tuesday with CEO Elon Musk. The burgeoning friendship between the two men played a key role in Trump's reelection, with Musk now set to run a government efficiency agency in the coming months. CBS News political reporter Jake Rosen and Politico aviation reporter Oriana Pawlyk join "America Decides" with more.
President-elect Donald Trump was on hand with Elon Musk for the sixth test flight of SpaceX's huge Super Heavy-Starship rocket.
Researchers analyzed lunar soil brought back by China's Chang'e-6, the first spacecraft to return with a haul of rocks and dirt from the little-explored far side.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
See some of convicted serial killer Rodney Alcala's photographs that were discovered by detectives in a Seattle storage locker.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
A look at the evidence in "The Dexter Killer" case; plus, newly revealed letters from the man police say wanted to be like fictional serial killer Dexter Morgan.
Live performances are in full swing this summer. Scroll through our concert gallery, featuring pictures by CBS News photojournalist Jake Barlow and photographers Ed Spinelli and Kirstine Walton.
According to a new survey from financial service company Empower, Gen Z Americans believe it takes a salary of $588,000 to be considered financially successful. That's more than double the figure from other generations. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the findings.
A federal judge in Texas plans to hold another hearing to decide whether satirical news outlet "The Onion" can move forward with the purchase of conspiracy theorist Alex Jones' company, Infowars. CBS News correspondent Janet Shamlian has the latest from Houston.
Multiple weather systems are forecast to drop rain and snow across the U.S. during the week of Thanksgiving. CBS News national weather correspondent Rob Marciano has more on what conditions to expect.
Federal and local authorities are reportedly warning the Macy's Thanksgiving Day Parade in New York City could be a target for would-be terrorists. Law enforcement officials will also need to be on high alert for what could be the busiest and most crowded holiday travel season yet. CBS News national security contributor Sam Vinograd joins with analysis.
For the first time under the Biden administration, illegal crossings at the southern border are on track to dip below 50,000 for November. CBS News immigration and politics reporter Camilo Montoya-Galvez has more.