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by Ellyn Fortino
7:13am
Wed Jul 6, 2016

Job Barriers Facing Ex-Prisoners Could Cost U.S. Economy At Least $78 Billion

U.S. economic growth suffers when former prisoners and convicted felons are locked out of the labor market, a new study shows.

Employment barriers faced by former offenders resulted in the estimated loss of 1.7 million to 1.9 million workers in 2014, reducing the overall U.S. employment rate by almost 1 percentage point, according to the report from the Center for Economic and Policy Research (CEPR).

That translates into a $78 billion to $87 billion loss in annual gross domestic product (GDP) for the United States.

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