News

High unemployment still haunts military vets

High unemployment still haunts military vets

VETERANS: Joblessness among this group is set to worsen as the war in Afghanistan winds down. Pentagon's proposed budget calls for the U.S. Army to shrink to around 450,000 from a war-time high of 570,000. Photo: Reuters

WASHINGTON (Reuters) – Unemployment among U.S. military veterans eased last year, government data showed on Thursday, but remained far higher than the national average rate for the civilian population.

The unemployment rate among veterans who had joined the military after September 11, 2001, averaged 9.0 percent last year, down from 9.9 percent in 2012, the Labor Department said. That was about 1.6 percentage points above the rate for the civilian population.

Joblessness among this group is set to worsen as the war in Afghanistan winds down. Pentagon’s proposed budget calls for the U.S. Army to shrink to around 450,000 from a war-time high of 570,000.

The Obama administration and the U.S. Congress have pushed forward an array of measures, including tax credits for companies employing veterans of the Iraq and Afghanistan wars.

“There is still much work to be done for our nation’s youngest veterans,” said James Jones, co-chair at the non-profit Call of Duty Endowment in Arlington, Virginia.

“These brave young men and women bring tremendous value to the workplace and it is the job of executives and hiring managers alike to promote their worth and eradicate the still-evident discrepancy in employment rates.”

Call of Duty Endowment helps veterans find careers by supporting groups that prepare them for the job market.

Research by Federal Reserve Bank of Chicago economists last year found that veterans deployed overseas for prolonged periods struggled to find work because of the traumas of war, as well as training that did not readily translate into the civilian world.

Among 9/11 military veterans, women suffered the most from high joblessness, with an unemployment rate of 9.6 percent in 2013. That compared to 12.5 percent in 2012. Unemployed female veterans were concentrated in the 18-34 age group last year.

The unemployment rate for men was 8.8 percent, down from 9.5 percent the previous year. Unemployment was high for men in the 18-24 age group, with the rate at 24.3 percent.

For men aged 25 to 34, the unemployment rate was 9.2 percent. For male veterans 35 and older, the unemployment rate was below 6.5 percent last year.

(Reporting By Lucia Mutikani; Editing by Mohammad Zargham)

Recent Headlines

in Music

Oak Ridge Boys star finally weds

Fresh
oakridgeboys

It's been a marriage decades in the making.

in Entertainment

Why Bill Murray is in the new ‘Ghostbusters’ movie

Fresh
24-overlay

After spending a quarter of a century not agreeing to be in "Ghostbusters 3" as Peter Venkman, Bill Murray recently signed on to Paul Feig’s reboot of the franchise.

in Entertainment, Sports

Will Smith to take on NFL coverup

Fresh
21-overlay

"Concussion" is based on Dr. Bennet Omalu, who was the first to discover the existence of chronic traumatic encephalopathy (or CTE): a disease of the brain found in athletes with a history of repetitive brain trauma.

in Entertainment, Lifestyle

HAPPY BIRTHDAY: 26 freebies to help you celebrate this September

Fresh
birthday

On your birthday you can have your (free) cake and eat it too!

in Entertainment

College finds manuscript of original ‘Happy Birthday’ song

Fresh
19-overlay2

A librarian at the University of Louisville may have found the precursor tune to the Happy Birthday song.