Louisiana has a youth unemployment and education problem, according to a new study by Tulane University’s Cowen Institute.
In the state, young adults between 16-24 years old in 2013 who are unemployed as well as not in school stands above the national 13.8 percent average, coming in at 19.8 percent.
And taxpayers are certainly paying the price.
For 2013 alone, youth unemployment cost taxpayers $1.7 billion. That billion was not just taxpayers paying for healthcare, law enforcement and social services for those young adults, but also the loss of tax dollars generated had these young people been working.
But, for the city of New Orleans, the problem of unemployed and uneducated youth is even more of an issue.
In 2013, disenfranchised youth came in at a rate of 18.2 percent in New Orleans, making the city the third highest estimated rate of unemployed and uneducated youth in the country, only behind only Memphis and Las Vegas.
In New Orleans, this problem has cost taxpayers $360 million dollars each year.
Because the dropout rate in New Orleans is so high, according to the study, this has led to a disproportionately high number of low-skilled workers in the area.