Employers added 256,000 jobs in December, blowing away forecasts
CBSN
Employers added 256,000 jobs in December, far exceeding economists' expectations and signaling that the job market remains resilient in the face of still-high borrowing rates and stickier-than-expected inflation.
The economy was expected to add 153,000 jobs last month, according to economists polled by financial-data firm FactSet. The unemployment rate was forecast to remain steady at 4.2%.
The Jan. 10 jobs report marks the last monthly employment snapshot of the Biden administration, which inherited an economy scarred by the pandemic. When Biden was inaugurated in January 2021, the jobless rate stood at 6.4%, while inflation was about to soar to 40-year highs, kicking off a flurry of interest rate hikes from the Federal Reserve to tame price increases.
Before wildfires broke out across Los Angeles, the city's fire chief said that budget cuts were hampering the department's ability to respond to emergencies, a department memo shows.
The army of firefighters battling the massive Southern California wildfires includes workers who could otherwise remain safely behind bars.
Over 17,000 doctors are calling on the Senate to reject President-elect Donald Trump's pick to lead the Department of Health and Human Services, Robert F. Kennedy Jr.
Washington — The Senate appears poised to advance a bill aimed at expanding the federal government's mandate to detain immigrants who are in the country illegally, with Republicans putting the issue front and center in the new Congress.
Washington — The Supreme Court is set to hear arguments Friday morning on whether to overturn or delay a law that could lead to a ban on TikTok in the U.S. in the coming days.
Democratic Sen. John Fetterman of Pennsylvania has accepted an invitation from President-elect Donald Trump to meet with him at his Mar-a-Lago estate, according to multiple sources familiar with the plans.
During natural disasters like wildfires and hurricanes, people in at-risk areas are often asked to evacuate. It's important to prepare, heed evacuation warnings and remember the six P's of evacuating – a checklist list of the necessities you should pack or take with you whether you are evacuating from a fire or another natural disaster.
The Palisades Fire in California has forced thousands to evacuate their homes, leaving many uncertain if their properties survived. Some residents, determined to find out, made their way back despite the thick smoke, only to discover nothing left but ruins.
TikTok says it plans to shut down the social media site in the U.S. by Jan. 19 unless the Supreme Court strikes down or otherwise delays the effective date of a law aimed at forcing TikTok's sale by its Chinese parent company.
Washington — All five living U.S. presidents are attending Jimmy Carter's funeral at the National Cathedral in Washington, D.C., on Thursday, a rare occurrence that marks the first time the leaders have gathered publicly since 2018.
Washington — Jimmy Carter's funeral service is underway at the National Cathedral in Washington, D.C., on Thursday, where the former president will be honored in tributes and through musical selections and performances.