The Department of Labor’s internal watchdog is launching a review of the Bureau of Labor Statistics’ (BLS) approach to collecting and reporting economic data. Laura Nicolosi, assistant inspector general for audit in the Labor Department’s Office of Inspector General, said in a September 10 letter to acting BLS commissioner William Wiatrowski that the watchdog will…
The Bureau of Labor Statistics revised its jobs report to show that the U.S. added 911,000 fewer jobs than previously reported between March 2024 and March 2025. Meanwhile, President Trump continued his attacks on the agency’s data collection, telling reporters he should look at the revised data. CBS News business contributor Javier David has more….
The U.S. labor market added 911,000 fewer jobs in the 12-month period that ended March 2025 than had earlier been reported, the Bureau of Labor Statistics said on Tuesday. The major downward revision signals that the labor market was slowing more last year than had earlier been reported. The so-called preliminary benchmark revision, produced annually…
The latest jobs report points to a labor market that’s faltering, but the slowdown may have begun much earlier. Economists expect the Bureau of Labor Statistics tomorrow to issue a major downward revision, showing the nation added hundreds of thousands fewer jobs than first reported. On Sept. 9, the BLS will release its preliminary benchmark revision…
New unemployment data sparks concern; the family behind the New York institution, Russ & Daughters. [title_words_as_hashtags
When President Trump last month fired the head of the federal bureau that produces the government’s monthly jobs report after the numbers pointed to a slump in U.S. hiring, he drew rebukes from critics who accused him of politicizing a technical — and nonpartisan — data collection process. On Friday, the Labor Department is set…
New Delhi: The Ministry of Labour and Employment on Monday highlighted that India has witnessed a remarkable increase in the female workforce participation rate, based on the periodic labour force survey (PLFS) data which shows that the women’s employment rate (WPR) grew from 22 per cent in 2017-18 to 40.3 per cent in 2023-24, while…
When Federal Reserve Chair Jerome Powell on Friday opened the door to cutting interest rates for the first time in nearly a year, he noted the tremors beginning to shake a main pillar of the U.S. economy: the labor market. Concerns about the pace of job growth were heightened earlier this month after government data showed a…
The U.S. job market, already showing the strain from global trade tensions, is showing early signs of another critical issue facing workers today: artificial intelligence. Â For the first seven months of 2025, rising adoption of generative AI technology by private employers accounted for more than 10,000 job cuts, according to a report released this…
College grad unemployment surges as employers replace new hires with AI – CBS News Watch CBS News The unemployment rate for new college graduates has recently surged. Economists say businesses are now replacing entry-level jobs with artificial intelligence. Ali Bauman has the story. Be the first to know Get browser notifications for breaking news, live…
