Employers across the U.S. added 22,000 jobs in August, falling short of economists’ muted expectations and signaling the labor market is facing sharp headwinds from mounting economic uncertainty amid the Trump administration’s wide-ranging tariffs. Jo Ling Kent has the biggest takeaways.
The economy added just 22,000 jobs in August, which was well below expectations. The Dow reacted by falling 220 points. Economist Michael Strain of the American Enterprise Institute gives his take.
Baton Rouge, Louisiana — For the past year, 66-year-old Kent Broussard of Baton Rouge, Louisiana, has been marching toward a dream. It’s a dream he’s had since he was a young child and first saw the Louisiana State University Tiger Marching Band and hoped he would someday play tuba for them. But that day never came. … Read more
Watch CBS News Judge blocks deportations of hundreds of unaccompanied migrant kids, here’s what to know; The origin of Labor Day
The Emmy Award-winning “CBS News Sunday Morning” is broadcast on CBS Sundays beginning at 9:00 a.m. ET. “Sunday Morning” also streams on the CBS News app beginning at 11:00 a.m. ET. (Download it here.) Hosted by Jane Pauley COVER STORY: Turmoil at the CDCRobert Costa reports. For more info: ALMANAC: Sept. 7“Sunday … Read more
Employers across the U.S. added 22,000 jobs in August, falling short of economists’ muted expectations and signaling the labor market is facing sharp headwinds from mounting economic uncertainty amid the Trump administration’s wide-ranging tariffs. The numbers Economists had forecast payroll gains of 80,000 last month, according to a poll by FactSet. The unemployment rate rose … Read more
Many economists say Friday’s disappointing jobs report is sending warning signals about the pace of hiring across the U.S. and the broader health of the economy. Employers added only 22,000 nonfarm jobs in August, far short of Wall Street analyst forecasts of 80,000, while the nation’s unemployment rate rose to 4.3% — the highest level since … Read more
Health Secretary Robert F. Kennedy Jr. plans to announce that the use of Tylenol by pregnant women may be linked to autism in children, according to a report Friday in the Wall Street Journal — which the Department of Health and Human Services said was “speculation.” This comes after Kennedy said in April that HHS … Read more
The Department of Transportation is dropping a proposed rule that would have required airlines to offer cash to passengers whose flights were disrupted. The rule, which never went into effect, would have required carriers to provide compensation “to mitigate passenger inconveniences” for cancellations or delays that were within a carrier’s control. Reuters was the first … Read more
Washington — Justice Amy Coney Barrett said she sharply responded to a dissenting opinion from Justice Ketanji Brown Jackson in a recent ruling on nationwide injunctions because Jackson had made a “spirited argument” that “merited a spirited response.” Barrett discussed the majority opinion she authored in a conversation with CBS News senior correspondent Norah O’Donnell, … Read more