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Airborne Trooper  
wilson cty  
July 6, 2012 8:48am
 
Veterans Unemployment Statistics

According to the Bureau of Labor Statistics (BLS), in 2010, young male veterans, ages 18 to 24, who served during the Gulf War II era, including those who have served at any time since September 2001, had an unemployment rate of 21.9 percent (significantly higher than the national average- at nearly double the rate).

The veterans unemployment rate is on a steady incline and has even risen noticeably since 2010. In fact, according to the Bureau of Labor Statistics, the rate of unemployment for military veterans increased from 11.5% in June 2010 to 13.3% in June 2011.

These rates are not expected to decline any time soon either. They could potentially rise even further in upcoming months as more troops return from overseas, especially if our overall economy continues to sputter.

President Obama announced plans last month to pull 10,000 troops from Afghanistan by the end of this year and a total of 33,000 by September 2012, meaning that we will need to see significant job creation to provide good jobs for each of our returning service members.

To add to the problem, there were roughly 200,000 more veterans in the labor force this June than there were a year earlier, according to the Bureau of Labor Statistics. Veterans and citizens alike are hesitant to imagine what the future holds for the veteran job search, but suffice it to say we hope that the situation improves markedly.
     
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