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"The coronavirus pandemic continues to take a devastating toll on the American economy. More than 20 million Americans lost their jobs last month, bringing the national unemployment rate up to 14.7%. John Friedman, a professor of economics and international and public affairs at Brown University, joined CBSN to discuss the latest numbers and how the job market can bounce back. "
An unprecedented 20.5 million jobs were lost in April, a decade of gains wiped out in a single month. Mark Strassmann reports.
More than twice as many jobs were vaporized last month as were lost during the entire Great Recession.
The coronavirus crisis "is hitting the lower 60% of the economy much harder than it's hitting the upper 40% of the economy," market analyst Frances Stacy said.
At least 1 in 5 American households report they don't have enough to eat as jobless claims climb due to the COVID-19 outbreak.
Even in states that have set up the Pandemic Unemployment Assistance program, people have had trouble getting the money.
Wall Street rallied after April's unprecedented loss of U.S. jobs wasn't quite as horrific as economists had forecast.
New numbers from the Bureau of Labor Statistics show the U.S. unemployment rate hit 14.7% in April as the coronavirus pandemic devastated the economy. Frances Stacy, director of portfolio strategy at Optimal Capital, joined CBSN to talk about the numbers.
The U.S. economy lost 20.5 million jobs in April amid the coronavirus pandemic. The national unemployment rate soared to 14.7% last month, the highest since the Great Depression.
Millions of people who are out of work right now are self-employed or run small businesses and normally wouldn't qualify for unemployment. But in many states, they're now eligible for help under the Pandemic Unemployment Assistance program.
On Friday morning, the unemployment report for April will be released, and it is expected to be its highest on record since the Great Depression. Carter Evans is in Los Angeles, where some business owners are concerned reopening is too little, too late.
The effects of the coronavirus pandemic continue to ripple through the economy. Mark Strassmann reports.
More than 25 million Americans likely lost their jobs last month — far more than during the entire Great Recession.
The latest report from the Labor Department shows that 3.2 million Americans filed unemployment claims last week. That brings the total up to 33 million left jobless since the coronavirus crisis hit. Brown University economics professor John Frieden joins CBSN to discuss the latest numbers, and the economy tracker he has developed with colleagues from Brown and Harvard.
With layoffs spreading, one-fifth of the U.S. workforce has applied for unemployment aid in the past two months.
This week on 60 Minutes: Americans unemployed by coronavirus share their stories; Then, small, medium-sized farmers on edge while trade war bailout money goes to some surprising recipients; And, rural Texas hospitals and clinics are going broke.
The new Payroll Protection Program has processed more than $500 billion in loans to help small businesses survive the coronavirus lockdown, but critics say the PPP isn't doing what it was meant to. The loans will be forgiven only if businesses spend 75% of the money on their employees in just eight weeks. But, Ed O'Keefe reports that some workers have concerns about going back to work.
30 million Americans filed for unemployment in the last six weeks, as the pandemic ground the U.S. economy to a halt. Scott Pelley met a few of the many who are trying to get back on their feet.
Americans unemployed by coronavirus share their stories; Then, small, medium-sized farmers on edge while trade war bailout money goes to some surprising recipients; And, medical workers using own money to keep health care system afloat in rural Texas.
Raphael Bostic, the head of the Federal Reserve Bank of Atlanta, says he's unsure how many job losses will be permanent, noting that "it's too soon to tell."
No state has been left untouched by the jobless crisis, but some have been hit much harder than others.
60 Minutes reports on some of the 30 million American economic victims of the pandemic, Sunday at 7 p.m. ET/PT
60 Minutes meets with some of the 30 million American economic victims of the pandemic, Sunday at 7 p.m. ET/PT
Arizona, Florida, Indiana, Minnesota and South Carolina taking longest to connect the jobless to their jobless aid.
Another 3.8 million workers filed for unemployment benefits last week, bringing the total to 30 million in the last six weeks. Mark Strassmann reports.
Israel's Cabinet has approved the ceasefire after urging from Israeli Prime Minister Benjamin Netanyahu.
If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.
In the wake of Hurricane Helene, more than 2,000 landslides displaced families in western North Carolina. They are waiting to find out if rebuilding is even possible or safe.
Tom Homan and Texas Gov. Greg Abbott served meals to troops stationed in Eagle Pass and Edinburg as part of Operation Lone Star.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
More than 3,000 fake Gibson guitars were seized by U.S. Customs and Border Protection in what authorities are calling the largest seizure of counterfeit musical instruments at the massive Los Angeles-Long Beach Seaport.
A professional treasure hunter has been charged in the theft of the 37 gold coins stlen from the wreckage of the 1715 Treasure Fleet.
Jean Rather, the wife of former longtime CBS News anchor Dan Rather, died Tuesday at the age of 89 following a battle with cancer.
Jean Rather, the wife of former longtime CBS News anchor Dan Rather, died Tuesday at the age of 89 following a battle with cancer.
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.
President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.
President-elect Donald Trump is proposing sweeping new tariffs on Mexico, Canada and China as soon as he takes office. Here's why.
Consumers could face higher prices for electronics if President-elect Donal Trump hits Canada, Mexico and China with new tariffs, Best Buy CEO said.
Americans paid an estimated $842 million in fees to cover advance loan refunds or refund anticipation checks last year.
In some parts of the U.S., parents pay more than $30,000 annually for infant care at a center, federal data shows.
John Furner, president and CEO of Walmart U.S., talks about the company's decision to scale back its DEI policies.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
If confirmed as trade representative, Jamieson Greer would be responsible for negotiating directly with foreign governments on trade deals and disputes.
Alexander Smirnov, an FBI informant, was accused of lying about President Biden and Hunter Biden and now faces new charges of tax evasion.
Americans are most thankful for family and friends, which may be why they'll try to steer away from politics at Thanksgiving.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Dr. Jay Bhattacharya, who has faced restrictions on social media platforms because of his views, was a critic of pandemic lockdowns and vaccine mandates.
A New White House proposal would make Medicare and Medicaid cover GLP-1 weight loss drugs for people who are obese. The move would expand affordable access to the drugs to some 7.4 million people. Dr. Jon LaPook has more.
This may be the first Thanksgiving for millions of Americans who are on GLP-1 agonists like Ozempic, Zepbound or Wegovy.
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.
The plan is to get close enough to tranquilize the animal with a hypodermic needle, airport officials said.
Claudia Sheinbaum said Mexico suffered from an influx of weapons smuggled in from the United States, and that drugs were a U.S. problem.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
Israel's Cabinet has approved the ceasefire after urging from Israeli Prime Minister Benjamin Netanyahu.
The U.S. Air Force says more unexplained drones have been sighted near major British military bases used by American forces.
Harvey Weinstein's lawyers filed a legal claim alleging that he is receiving substandard medical treatment in unhygienic conditions while in custody at Rikers Island.
Irish band The Script continues to inspire with hits like "Hall of Fame," while moving forward after the loss of guitarist Mark Sheehan. Danny O'Donoghue talks to Natalie Morales about the band's journey, and how boxing helps him cope.
Actor Danielle Pinnock joins "CBS Mornings" to talk about her role in the hit CBS comedy "Ghosts," where she plays a spirited 1920s jazz singer with plenty of sass.
From Emmy wins to Oscar nods, Colman Domingo reflects on his career and dives into his latest role in Netflix's "The Madness."
Brittney Griner and her wife Cherelle welcomed their son, Bash, in July. Now, they're sharing adorable family photos and looking ahead to their first Christmas together.
British phone company Virgin Media O2 has developed an AI-generated grandmother to talk to scammers all day and waste their time so you don't have to. CBS News Confirmed executive producer Melissa Mahtani has more on the "grandma" and how you can protect yourself from phone scams.
Starbucks managers forced to rely on manual systems to handle baristas' pay, but customers unaffected.
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.
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.
Microsoft said it's investigating an issue impacting access to Microsoft 365 and its Teams app.
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.
More than 3,000 fake Gibson guitars were seized by U.S. Customs and Border Protection in what authorities are calling the largest seizure of counterfeit musical instruments at the massive Los Angeles-Long Beach Seaport.
Daniel Andreas San Diego was indicted more than 20 years ago in connection with two 2003 bombings.
A hearing for Erik and Lyle Menendez, brothers convicted of killing their parents more than three decades ago, was postponed Monday after technical issues with the brothers' virtual appearance. The family of the brothers are asking a judge to reduce their sentences of life without parole.
An FBI agent who was acquitted of attempted murder for shooting a man on a train near Washington, D.C., has been accused of sexual assault.
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 Sombrero galaxy, named for its resemblance to the Mexican hat, is about 30 million light-years from Earth.
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.
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.
Two months after Hurricane Helene brought devastating flooding to North Carolina, some residents still can't get home. Landslides triggered by the flooding may have even made it too dangerous to rebuild in some areas. Dave Malkoff has the story.
A New White House proposal would make Medicare and Medicaid cover GLP-1 weight loss drugs for people who are obese. The move would expand affordable access to the drugs to some 7.4 million people. Dr. Jon LaPook has more.
Tuesday marks the busiest air travel day of the holiday season in terms of number of flights scheduled. Kris Van Cleave gets an inside look at where just one single plane flies on such a hectic day.
Anne Wojcicki, the embattled CEO of genetic testing company 23andMe sat down with "CBS Mornings" co-host Gayle King to discuss the massive data breach the company suffered and how it can rebuild trust.
Margaret Brennan explains how the ceasefire between Israel and Hezbollah came together, and what role the Biden administration played.