The Oregon Biz Report - Business News from Oregon

Read about accutane journal moderate acne here

How nation’s declining prison rate effects employment

April 4, 2014 --

America’s declining incarceration rate and the job marketaei
James Pethokoukis
By American Enterprise Institute

Trying to illustrate the tough job market, Federal Reserve boss Janet Yellen on Monday told a Chicago conference about two long-term unemployed Americans. Both, it turns, had prison records (And now both have jobs.) As the WaPo’s Ylan Mui points out, “workers with criminal histories are not an anomaly in the labor force” given that nearly one-third of Americans have been arrested by age 23 with 12 million to 14 million convicted.”

And interesting side question is how US incarceration rates affect the macro labor market. Researchers Larry Katz and Alan Krueger in the late 1990s claimed that rising rates contributed to a 0.3%-point to the decline in the official male unemployment rate. Men In jail doesn’t get counted by the Labor Department.

Print This Post Print This Post    Email This Post Email This Post

Subscribe to Weekly Updates

Bakersfield Family Lawyers

Top Business News


Top Women's News


Top Natural Resource News


Top Faith News


Copyright © 2014, OregonReport. All Rights Reserved. | Terms of Use - Copyright - Legal Policy | Contact Oregon Report

Stay Tuned...

Stay up to date with the latest political news and commentary from Oregon Business Report through daily email updates:

Delivered by FeedBurner

Prefer another subscription option? Subscribe to our RSS Feed, become a fan on Facebook, or follow us on Twitter.

RSS Twitter Facebook

No Thanks (close this box)