Obama tells Howard U one thing CBO answers with another
CBO: Nearly 1 in 6 Young Men in U.S. Jobless or Incarcerated
Nearly one in six young men (between the ages of 18-34) in the U.S. were either jobless or incarcerated in 2014, according to a new government report. It details a striking amount of male alienation that has been on the rise since the 1980s.
According to the Congressional Budget Office (CBO), out of the 38 million young men in the U.S. in 2014, 16 percent were jobless (5 million or 13 percent) or incarcerated (1 million or 3 percent). The share of young men without a job or in prison has increased substantially since 1980, when just 11 percent of young men fit into either category.
CBO highlights that the level of joblessness and incarceration varies based on young men’s educational attainment. The less they have, the more likely they are to be jobless or incarcerated. The rates also varied among racial and ethnic groups. In 2014 young black men were about twice as likely to be jobless or incarcerated than white or Hispanic young men were. The disparity was largely due, however, to higher rates of incarceration among young black men.
Economic, policy, and skill-set changes contributed to the the large increase in joblessness and incarceration from 1980 to 2014, CBO said.