Layoffs soar to highest level since 2020, led by Musk's DOGE cuts
Job cuts spiked in February, marking their highest point since July 2020, due to firings of government workers directed by DOGE.
Employment
Layoffs spiked in February, led by DOGE cuts
Layoffs spiked in February, led by the Department of Government Efficiency cuts. Employers cut about 172,000 jobs last month, according to the firm Challenger, Gray and Christmas. That's the highest number of layoffs per month since the height of the pandemic in July 2020. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
College student's classroom is the farm where he works
Carlos Marquez is in a free pilot program at Merced College. Its competency-based curriculum allows students to master vocational skills while earning a living.
College student's classroom is farm where he works
At a time when college is unaffordable for many, some schools are re-imagining higher education, shifting their curricula from general knowledge to providing free training for specific jobs. Mark Strassmann reports from Merced, California.
Poker in the workplace?
CBS News' Tina Kraus meets a British woman determined to help businesses thrive by teaching employees poker skills, which she says can boost the odds of winning in the workplace.
Contractor says worker shortage hurt his business
At construction sites across the country, finding skilled workers is a constant struggle for contractors. Skyler Henry has more.
Maryland city offers people $20,000 to move there
Cumberland, Maryland, is one of dozens of places offering financial incentives to people willing to relocate. Nancy Chen reports on how the rise of remote work is making it easier for struggling cities and towns to revitalize their economies.
Sen. Murkowski concerned about Trump firings
Lawmakers are raising concerns about the Trump administration's growing federal layoffs. Republican Sen. Lisa Murkowski of Alaska discusses its impact on her constituents and CBS News congressional correspondent Caitlin Huey-Burns reports.
How much workers would cut for remote work
A new study from Harvard Business School found that 40% of workers would accept a pay cut of 5% or more to keep their remote work flexibility. Zoe Cullen, a Harvard Business School professor and co-author of the study, joins "The Daily Report" to discuss.
Workers wanted a raise, but got a 4-day workweek. Here's what happened.
San Juan County in Washington State didn't have the funds to give workers a raise, so they had to get creative.
What happened when county staff got 4-day workweek
San Juan County in Washington state didn't have the funds to give workers a raise, so they had to get creative. It turned out to be a big success. Mark Strassmann has more.
Strong December job growth could augur fewer Fed interest-rate cuts
Employers across the U.S. added a robust 256,000 jobs in December, a sign the labor market remains in good shape.
Appeals court upholds potential TikTok ban
A federal appeals court upheld a law Friday that would ban TikTok in the U.S. if the app's Chinese parent company, ByteDance, does not sell it. TikTok and ByteDance could still appeal the case to the Supreme Court. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the challenges of reaching a deal, with the law set to take effect on Jan. 19.
Americans facing longer waits for new job
It's taking longer for hundreds of thousands of out-of-work Americans to find new jobs, according to data from the Bureau of Labor Statistics. Cory Stahle, an economist for Indeed, joined CBS News to discuss why that's happening.
Employers added 227,000 in November as job market rebounded
The labor market rebounded last month after taking a hit in October from hurricanes and labor disputes.
For more out-of-work Americans, it's taking months to find a new job
A growing number of unemployed workers have been searching for a new job for more than 15 weeks, labor data shows.
Women leaders face 30 types of bias in the workforce, research finds
Women report encountering a wide range of biases unrelated to performance or experience that can stunt their careers, new research finds.
Graduates with intellectual disabilities find work at South Carolina hotel
The Shepherd Hotel partners with a program at nearby Clemson University that helps students with intellectual disabilities live and work independently.
Nonprofit helps veterans find jobs
After veterans' brave service ends, the return to everyday life can be challenging. "Hiring Our Heroes" President Eric Eversole joins CBS News ahead of Veterans Day to discuss the nonprofit's work to get service members employed after they return home and the unique qualities they bring to the workplace.
What October's jobs report means for economy
The final jobs report before Election Day shows the number of jobs added to the U.S. economy plummeted in October, with only 12,000 new hires. Despite adding roughly 100,000 fewer jobs than expected, the U.S. unemployment rate held steady at just above 4%. CBS News MoneyWatch correspondent Kelly O'Grady joins to unpack the numbers.
October jobs hampered by hurricanes, strike
The Labor Department has released October's jobs report with employment growth slowed during the month due to Hurricanes Milton and Helene along with the Boeing strike. CBS News MoneyWatch correspondent Kelly O'Grady breaks down the numbers.
Travel chaos due to COVID staffing shortages
Holiday travel chaos continued for a sixth straight day as airlines canceled flights mainly because of COVID-related staff shortages. Errol Barnett has the latest.
How to adapt to rapid changes in workplace
According to new data from LinkedIn, 50% of professionals surveyed are feeling overwhelmed by how quickly their job is changing, and 48% are worried about "being left behind." LinkedIn career expert Catherine Fisher offers tips on how to respond.
Breaking down the September jobs report
A blockbuster jobs report for September sent stocks to record highs. The economy added 245,000 jobs last month, according to the Labor Department, exceeding the expectations of most economists. Meanwhile, unemployment fell for the second month in a row.
Employers added 254,000 jobs in September, blowing away forecasts
Wall Street is watching the labor market for signs of slower hiring, which could influence the Federal Reserve's next rate decision.
Live
Thune rebuffs Trump's call to scrap filibuster to end government shutdown
Senate Majority Leader John Thune's stance on the filibuster is "unchanged" despite President Trump's call to scrap the rule to end the government shutdown. Follow live updates here.
FBI says "potential terrorist attack" thwarted in Michigan, 5 arrested
In a social media post, FBI Director Kash Patel said multiple people who were allegedly plotting a violent attack were arrested in Michigan.
Epstein cultivated celebrity relationships, even as his 2019 arrest neared
Jeffrey Epstein's schedule, flight logs and personal calendars detail his connections with high-profile people including Woody Allen and leaders in finance and public affairs.
Some NBA and poker gambling suspects with alleged mob ties released on bail
At least 9 defendants of the 34 people charged in a crackdown on alleged illegal gambling rings were released on bail this week.
Get ready to fall back: Daylight saving time ends this weekend
Daylight saving time ends on Sunday, Nov. 2, 2025, at 2 a.m., when the clocks "fall back" and we gain an hour.
Sean "Diddy" Combs moved to federal prison in New Jersey
Sean "Diddy" Combs was sentenced to just over four years in prison earlier this month after he was convicted of prostitution-related charges.
Hurricane Melissa death toll nears 50 as focus turns to recovery
Jamaica, Haiti and Cuba were assessing the damage and beginning to dig out after they were slammed by Hurricane Melissa, which left dozens dead.
Head Start programs begin to close as funding ends during government shutdown
Approximately 140 Head Start programs nationwide, serving roughly 65,000 children, will stop receiving federal funding beginning Nov. 1.
Starbucks CEO Brian Niccol rules out a value menu as chain revamps
Starbucks CEO Brian Niccol doesn't expect AI to replace baristas as the coffee chain focuses on improving the "human-to-human experience" for customers.