The U.S. has many economies, not just one. Consider how much the gains in worker pay can vary from city to city. Nationwide, workers in August got a 4.7% bump in gross pay compared to a year ago, while their base pay rose by an average of 3.2%, according to ADP Pay Insights. Yet wages…
Traveling this Labor Day weekend? It will probably cost you more – CBS News Watch CBS News Airfare is up 20% from last year, and gas is almost $1 more per gallon than it was in 2025. Diesel fuel costs just hit an all-time high. Kris Van Cleave takes a look at rising travel costs…
U.S. employers added 162,000 jobs in August, more than double economists’ forecasts and signaling a sharp acceleration from hiring in July. By the numbers Economists polled by FactSet forecast employers added 65,000 jobs in August. The unemployment rate was 4.1% in August, unchanged from the previous month. Hiring in August was boosted by job gains…
5m ago Diesel hits an all-time high as U.S. gas prices surge ahead of Labor Day weekend U.S. gas prices surged ahead of Labor Day weekend, with diesel hitting a record of $5.85 a gallon Friday, eclipsing its prior mark of $5.81, set in June 2022. The AAA has predicted that travelers will face…
Former Philadelphia labor leader John “Johnny Doc” Dougherty was granted an early release from prison after President Trump agreed to sign a commutation to end his six-year sentence early, his attorney George Bochetto confirmed to CBS News Philadelphia Thursday. Dougherty was convicted in 2023 of bribing a city councilmember and embezzling about $600,000 from Local 98…
Gasoline prices are surging ahead of Labor Day, with AAA predicting travelers will face the highest pump prices on record for the holiday weekend amid ongoing conflict in the Strait of Hormuz. The national average for regular gasoline reached $4.14 a gallon Thursday, up 4 cents from a week earlier, according to AAA data. Diesel averaged…
Layoffs across the U.S. fell last month to their lowest level in four years, new labor data shows, a sign the job market remains resilient even as hiring slows. Employers announced 52,881 job cuts in August, down 38% from the 85,979 layoffs announced during the same month a year ago, according to a report from…
Trump says U.S. issued a “very heavy attack,” on Iran and is “prepared to do another one anytime” – CBS News Watch CBS News Oil prices jumped higher on Wednesday after the U.S. and Iran traded military strikes, and gas prices are on track to hit a Labor Day weekend high. Charlie D’Agata reports on…
President Trump on Friday said a U.S. deal with Venezuela to tap its oil reserves “will substantially lower Gas Prices for all Americans, long into the future.” With the average U.S. gas price still above $4 a gallon nationwide, American consumers may be wondering if help is on the way. Don’t hold your breath, energy…
Washington — The House returns Monday from its five-week recess, with approving a short-term funding bill to head off a government shutdown topping its to-do list. Funding is set to lapse Sept. 30 without a deal, and lawmakers are planning to take another weeklong break for Labor Day. In July, the House passed a GOP-led…
