A construction worker is shown on the job site at a multi-unit residential housing project in Encinitas, California, U.S., July 28, 2025. Mike Blake | Reuters With job growth tanking and the economy wobbling, pressure is on for the Federal Reserve to start lowering interest rates, with markets now expecting a cut at each of…
The labor market created far fewer jobs than previously thought, according to a Labor Department report Tuesday that added to concerns both about the health of the economy and the state of data collection. Annual revisions to nonfarm payrolls data for the year prior to March 2025 showed a drop of 911,000 from the initial…
Job creation sputtered in August, adding to recent signs of labor market weakening and likely keeping the Federal Reserve on track for a widely anticipated interest rate cut later this month. Nonfarm payrolls increased by just 22,000 for the month, while the unemployment rate rose to 4.3%, according to a Bureau of Labor Statistics report…
U.S. Trade Representative Jamieson Greer discusses new tariffs, employment data – CBS News Watch CBS News “Face the Nation” moderator Margaret Brennan speaks with U.S. Trade Representative Jamieson Greer. More of their interview will air Sunday on “Face the Nation.” [title_words_as_hashtags
Nonfarm payroll growth was slower than expected in July and the unemployment rate ticked higher, raising potential trouble signs for the U.S. labor market as President Donald Trump ramps up tariffs. Job growth totaled a seasonally adjusted 73,000 for the month, above the June total of 14,000 but below even the meager Dow Jones estimate…
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…
Legislative Hall, the Delaware State Capitol, in Dover, Delaware Aimintang | Istock | Getty Images State and local government job growth powered the U.S. labor market’s expansion in June. Government jobs saw the largest month-over-month sector growth at 73,000, according to data from the federal Bureau of Labor Statistics released Thursday. That means government jobs…
Job growth proved better than expected in June, boosted by government hiring, as the labor market showed surprising resilience and likely took a July interest rate cut off the table. Nonfarm payrolls increased a seasonally adjusted 147,000 for the month, higher than the estimate for 110,000 and just above the upwardly revised 144,000 in May,…
Nitat Termmee | Moment | Getty Images The U.S. job market isn’t looking too hot for recent college graduates and other job seekers, according to economists and labor experts. “The job market is kind of trash right now,” said Mandi Woodruff-Santos, a career coach and personal finance expert. “I mean, it’s really difficult,” she added….
Hiring decreased just slightly in May even as consumers and companies braced against tariffs and a potentially slowing economy, the Bureau of Labor Statistics reported Friday. Nonfarm payrolls rose 139,000 for the month, above the muted Dow Jones estimate for 125,000 and a bit below the downwardly revised 147,000 that the U.S. economy added in…
