Yikes! CNBC No Longer “Fully Covering’ For Obama Admin, Makes Factual Report!

 

AS REPORTED BY >>>>>>> CNBC <<<<<<<<< WHOA!

40 percent of unemployed have quit looking for jobs

At a time when 8.5 million Americans still don’t have jobs, some 40 percent have given up even looking.

The revelation, contained in a new survey Wednesday showing how much work needs to be done yet in the U.S. labor market, comes as the labor force participation rate remains mired near 37-year lows.

A tight jobs market, the skills gap between what employers want and what prospective employees have to offer, and a benefits program that, while curtailed from its recession level, still remains obliging have combined to keep workers on the sidelines, according to a Harris poll of 1,553 working-age Americans conducted for Express Employment Professionals.

On the bright side, the number is actually better than 2014, the survey’s inaugural year, when 47 percent of the jobless said they had given up.

FULL STORY CONTINUES HERE

THE FREE BEACON WRITES:

Feds Spent $100 Billion on Food Assistance Last Year

109,930,090 Americans participated in overlapping programs

The federal government spent $100 billion providing food assistance to Americans last year, according to the Government Accountability Office (GAO).

The lion’s share of spending comes from the food stamp program, which gave benefits to an average 46 million Americans in 2014, at a cost of $74.6 billion, according to atestimony from the GAO’s Director of Education, Workforce, and Income Security Kay E. Brown before the House Subcommittee on Nutrition Wednesday.

The national school lunch program was second, costing $11.3 billion, followed by the Special Supplemental Nutrition Program for Women, Infants, and Children (WIC) at $7.1 billion.

Other spending included $1.9 billion for nutrition assistance for Puerto Rico, and $10.7 million for the “Special Milk Program.”

FULL STORY CONTINUES HERE

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