Unemployment claims fall to pandemic-era low
About 547,000 people filed for jobless aid last week, the lowest level of claims in more than a year.
About 547,000 people filed for jobless aid last week, the lowest level of claims in more than a year.
Jobless claims rose for the second week in a row as the U.S. labor market struggles to shake off COVID-19.
The U.S. Department of Labor is reporting the lowest number of new jobless claims since the COVID-19 pandemic began. BancAlliance co-president Lori Bettinger joined CBSN to explain what these new numbers mean and how infrastructure could be a key to rebuilding the economy.
The Labor Department reported 745,000 Americans filed for unemployment benefits for the first time last week, an increase of 9,000 from the previous week. The latest numbers come as President Biden and Senate Democrats agreed to limit which Americans receive a $1,400 stimulus check. CBS News' Skyler Henry reports on the latest from the White House, and Lori Bettinger, co-president of BancAlliance and a former director of the Troubled Asset Relief Program during the Obama administration, joined CBSN to discuss the unemployment numbers.
Some 745,000 people filed for jobless aid last week, while another 437,000 sought federal self-employed assistance.
The Labor Department reports 730,000 Americans filed new unemployment claims for the week ending February 20. That's down 111,000 from the previous week's numbers. David Bahnsen, chief investment officer at the Bahnsen Group, joins CBSN to discuss what the latest numbers mean for the state of the economy.
Roughly 861,000 people applied for jobless aid last week, reversing several weeks of steady declines.
U.S. jobless claims declined for the week ending January 30. CBSN's Tanya Rivero has more.
Investigators are looking into possible fraud involving $20 billion more.
The number of Americans claiming unemployment for the first time dipped by 26,000 in the final week of the Trump administration to 900,000 jobless claims, according to data released Thursday by the Labor Department. Bankrate Washington bureau chief and senior economic analyst Mark Hamrick joins CBSN to discuss how the new Biden administration plans to respond to the ongoing jobs crisis.
The Labor Department weekly unemployment claims report shows another 900,000 people filed for unemployment for the first time last week. That's slightly down from the 926,000 who filed jobless claims the previous week. Melissa Armo, the owner and founder of The Stock Swoosh, joins CBSN with a breakdown of what these numbers mean.
President-elect Joe Biden unveiled his "American Rescue" plan to stimulate the U.S. economy, which has been crippled by the COVID-19 pandemic. Gene Sperling, a former director for the National Economic Council, joins CBSN to discuss Mr. Biden's coronavirus relief package.
About 965,000 people filed for jobless benefits in the first week of January, far higher than economists expected.
In the week ending December 26, 787,000 people filed first-time jobless claims, down 19,000 from the week before. Norm Champ, former director of the investment management division at the U.S. Securities and Exchange Commission and author of "Mastering Money: How to Beat Debt, Build Wealth, and Be Prepared for any Financial Crisis," spoke with Jamie Yuccas on CBSN about these numbers, the economic effect of not passing a bigger stimulus bill and how the economy is changing because of the crisis.
Another 400,000 filed for special aid for self-employed. "Labor market damage continues to mount in real time," one economist said.
The Labor Department has released the latest figures showing an increase in the number of Americans filing for unemployment for the second straight week. Lori Bettinger, the president of BancAlliance and former director of the Troubled Asset Relief Program during the Obama administration, joined CBSN to discuss what the latest jobs numbers mean for the current state of the U.S. economy.
Number of Americans seeking unemployment aid at highest level in three months, with 853,000 applying last week.
The economy continues to suffer amid the coronavirus outbreak. Frances Stacy, director of portfolio strategy at Optimal Capital, joins CBSN to discuss the latest jobless claims report.
Although the number of workers filing for unemployment declined, claims remain at historically high levels.
There was another increase in new unemployment claims last week, as the coronavirus pandemic continues to head in the wrong direction. Feeding America predicts over 50 million Americans will have faced hunger by the end of the year. Mark Hamrick, senior economic analyst at Bankrate, joins CBSN to discuss the state of the economy.
Some 778,000 Americans applied for jobless aid last week, a sign the economic recovery is bogging down.
Jobless claims declined last week, but 709,000 Americans still filed for first-time unemployment. Lori Bettinger, president of BancAlliance and former director of the Troubled Asset Relief Programs during the Obama administration, joined CBSN to discuss what the current state of the economy could mean for President-elect Joe Biden's future administration.
709,000 Americans filed claims for unemployment last week. That number is about 48,000 lower than the previous week. Frances Stacy, the director of portfolio strategy at Optimal Capital, joined CBSN with the latest.
Two new economic reports reflect the impact of the ongoing coronavirus pandemic. The Labor Department says 751,000 Americans filed first-time unemployment claims for the week of October 24th, down 40,000 from the previous week. Also, U.S. GDP rebounded after a historically low second quarter. Bankrate's Washington bureau chief and senior economic analyst Mark Hamrick joins CBSN to discuss what this means for the economy and the potential impact on the 2020 election.
According to the Labor Department, 787,000 Americans filed first-time unemployment claims last week, down 55,000 from the previous week. Mark Hamrick, Washington bureau chief and senior economic analyst at Bankrate, joins CBSN to discuss what this means for the economy, and the impact it could have on the 2020 election which is now less than two weeks away.
Millions of customers in several states were in the dark as Helene moved inland from the Big Bend area of Florida's Gulf Coast.
Federal prosecutors have charged three Iranian hackers for allegedly targeting members of former President Donald Trump's presidential campaign as part of a "wide-ranging" cyber scheme.
British actress Dame Maggie Smith had an extensive career in theater and movies, gaining international acclaim in later roles in "Harry Potter" and "Downton Abbey."
Here are the rules of the CBS News vice presidential debate between JD Vance and Tim Walz.
Officials claim the changes "had no bearing" on Boar's Head's now-shuttered plant.
City officials shared clips of boats slammed into homes and a residence burning amid the floodwaters as they conducted water rescue operations.
Israel's leader softens his stance on a U.S.-backed cease-fire proposal with Hezbollah, but deadly strikes in Lebanon continue as he addresses the U.N.
Indicted NYC Mayor Eric Adams pleaded not guilty to federal bribery and campaign finance charges at his arraignment Friday.
Many Americans are unaware of the connection between drinking and cancer risk, despite growing research that points to the negative health impacts of alcohol.
A NASA astronaut and a Russian cosmonaut will join the Starliner astronauts for a normal tour of duty
The car attempted to make a pass on a two-lane road and struck two other vehicles, the state Highway Patrol said Friday.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Officials claim the changes "had no bearing" on Boar's Head's now-shuttered plant.
Here are the rules of the CBS News vice presidential debate between JD Vance and Tim Walz.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
A government task force is ready to help minimize supply-chain disruptions in case of a prolonged East Coast port strike, Biden administration says
A top investor in Trump Media & Technology Group has shed most of its position in the Truth Social owner, according to a filing.
Former President Donald Trump announced the new watch line on Truth Social, describing the timepieces as "truly special."
Despite suspending his campaign, the independent presidential candidate was fighting to have his name restored to the state's ballot.
Here are the rules of the CBS News vice presidential debate between JD Vance and Tim Walz.
Grocery costs barely rose last month, according to Friday's report, and energy costs dropped 0.8%, led by cheaper gasoline.
Indicted NYC Mayor Eric Adams pleaded not guilty to federal bribery and campaign finance charges at his arraignment Friday.
"I don't think we know who's going to win Michigan yet," Rep. Debbie Dingell told chief Washington correspondent Major Garrett on "The Takeout" podcast.
Loophole in law means potentially deadly furniture is still being sold by major retailers, advocacy group cautions.
Officials claim the changes "had no bearing" on Boar's Head's now-shuttered plant.
Many Americans are unaware of the connection between drinking and cancer risk, despite growing research that points to the negative health impacts of alcohol.
Gov. Gavin Newsom signs law prompted by a decade-long CBS News California investigation into California's newborn genetic biobank.
Ten deaths have been linked to now-recalled Boar's Head products.
There are no coastal watches or warnings in effect for either storm however, the waves from Issac could cause life-threatening surf and rip current conditions in the Azores
In October 2022, Phoebe Plummer and Anna Holland threw two cans of Heinz tomato soup over the artwork at London's National Gallery.
Enrique Ariza was convicted of "persecution, harassment" and other crimes against Claudia Julieta Duque, the prosecutor's office said.
U.K. regulators found "serious misconduct" by Naomi Campbell's Fashion for Relief charity, disqualifying her from running a charity in Britain for five years.
South Korea is poised to criminalize possessing or looking at sexually explicit AI-manipulated deepfake photos or video.
In this preview of an interview to be broadcast on "CBS Sunday Morning" September 29, correspondent Anthony Mason talks with Chris Martin and Jonny Buckland of the rock band Coldplay about their massively-successful world tour.
A simple cocktail recipe, from the author of the New York Times bestseller, "Barefoot Contessa at Home."
U.K. regulators found "serious misconduct" by Naomi Campbell's Fashion for Relief charity, disqualifying her from running a charity in Britain for five years.
British actress Dame Maggie Smith had an extensive career in theater and movies, gaining international acclaim in later roles in "Harry Potter" and "Downton Abbey."
Tony Dokoupil and Adriana Diaz co-host "CBS Mornings Plus," airing weekdays on CBS-owned stations in Los Angeles, Chicago, San Francisco, Detroit and Miami, and streaming on CBS News 24/7.
Top U.S. artificial intelligence startup OpenAI took a hit Thursday after three of its top executives exited the company. The departures come as CEO Sam Altman is reportedly preparing to turn OpenAI into a traditional for-profit company. Connie Guglielmo, senior vice president focused on AI edit strategy for CNET, joins CBS News to examine the future of the startup.
Super Micro Computer's stock price fell sharply after the Wall Street Journal reported the company faces a federal investigation.
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.
Meta AI will talk to you in the voice of a handful of celebrities, Mark Zuckerberg announced today.
CBS News found the song has been used in more than 4,500 TikTok videos alone, with some users believing it's a song released by Bieber.
Nine years after it was negotiated, the Paris Climate Agreement continues to serve as a blueprint for global environmental goals. Todd Stern, the top U.S. negotiator for the deal, outlines the years-long process it took to reach the landmark agreement in his new book, "Landing the Paris Climate Agreement: How It Happened, Why It Matters and What Comes Next." Stern joins CBS News to look back at the talks.
Florida is bracing for the wrath of Hurricane Helene. A common question that scientists face during natural disasters like this is: Has climate change impacted their severity? CBS News Miami investigative reporter Jim Defede and CBS News Texas investigative reporter Brian New break down how lawmakers and residents in their states view climate change amid natural disasters.
Three houses have collapsed into the ocean in Rodanthe, North Carolina, in less than a week — and they're likely not the last. Here's why.
President Biden touted his administration's climate progress at the United Nations General Assembly on Tuesday. But in California, lawmakers have often been ahead of the federal government's climate policy, although they are not always aligned. CBS News California investigative correspondent Julie Watts has more.
Some of California's Democratic state politicians say they are voting against clean energy measures and climate legislation for economic reasons connected to their constituents. CBS News Sacramento's Julie Watts reports.
New York City Mayor Eric Adams appeared in court Friday and pleaded not guilty to federal charges against him. CBS News' Nikki Battiste was in court while the Adams' arraignment took place.
New York City Mayor Eric Adams was arraigned Friday, a day after a federal indictment outlined alleged crimes Adams carried out involving a foreign government. CBS News' Nikki Battiste was in court.
Enrique Ariza was convicted of "persecution, harassment" and other crimes against Claudia Julieta Duque, the prosecutor's office said.
New York City Mayor Eric Adams is set to be arraigned Friday on federal charges that include bribery, conspiracy and campaign finance charges. CBS News' Anna Schecter reports.
Investigators say the suspicious timing of doing a load of laundry and a call to 911 focused their attention on a former state trooper and his potential role in his wife's death.
A NASA astronaut and a Russian cosmonaut will join the Starliner astronauts for a normal tour of duty
The Soyuz landing in Kazakhstan sets the stage for launch of a SpaceX Crew Dragon flight to the space station Thursday.
For the next two months, Earth will have a "mini-moon" when a small asteroid temporarily orbits the planet. Scientists say the asteroid, which is only 33 feet long, will enter Earth's gravity in a horseshoe orbit September 29 before leaving on November 25. Most people won't get a glimpse of this mini-moon though, it's too small to see without professional equipment.
The asteroid was discovered in August and is set to become a mini-moon, spinning around Earth in a horseshoe shape for about two months.
NASA's "Hidden Figures," whose work helped put men on the moon, were honored Wednesday in a Congressional Gold Medal ceremony.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
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.
The seesaw marriage between the former ballerina and her much older husband only lasted four years, until she shot him on Sept. 27, 2020.
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Jim Cantore tells CBS News' Tom Hanson about what made Hurricane Helene different from the 113 other storms he's covered — and how a sudden shift east saved Tallahassee from the worst storm it would have ever experienced. "This seems to be the spot, all of a sudden, for Mother Nature's wrath."
Vice President Kamala Harris will campaign in Arizona on Friday and is expected to call for tougher border security measures while there. It will be her first visit to the U.S.-Mexico border since becoming the Democratic presidential nominee. CBS News immigration and politics reporter Camilo Montoya-Galvez has a preview of Harris' agenda.
Israel reportedly struck Hezbollah in Lebanon on the same day Prime Minister Benjamin Netanyahu addressed the United Nations General Assembly. CBS News' Imtiaz Tyab reports from Beirut, and CBS News' Olivia Gazis has more from New York City.
In this preview of an interview to be broadcast on "CBS Sunday Morning" September 29, correspondent Anthony Mason talks with Chris Martin and Jonny Buckland of the rock band Coldplay about their massively-successful world tour.
New York City Mayor Eric Adams appeared in court Friday and pleaded not guilty to federal charges against him. CBS News' Nikki Battiste was in court while the Adams' arraignment took place.