Unemployment rate for young vets hit 21.1%

[unhappycamper]

Unemployment rate for young vets hit 21.1%
By Kimberly Hefling - The Associated Press
Posted : Friday Mar 12, 2010 16:09:52 EST

WASHINGTON — The unemployment rate last year for young Iraq and Afghanistan veterans hit 21.1 percent, the Labor Department said Friday, reflecting a tough obstacle combat veterans face as they make the transition home from war.

The number was well above the 16.6 percent jobless rate for non-veterans of the same ages, 18 to 24.

As of last year, 1.9 million had deployed for the wars since the Sept. 11, 2001, terrorist attacks. Some have struggled with mental health problems, addictions, and homelessness as they return home. Difficulty finding work can make the adjustment harder.

The just-released rate for young veterans was significantly higher than the unemployment rate of young veterans in that age group (14.1 percent) in 2008.

Many of the unemployed are members of the Guard and Reserves who have deployed multiple times, said Joseph Sharpe, director of the economic division at the American Legion. Sharpe said some come home to find their jobs have been eliminated because the company has downsized. Other companies may not want to hire someone who could deploy again or will have medical appointments because of war-related health problems, he said.


Rest of article at: http://www.armytimes.com/news/2010/03/ap_military_young_vets_unemployment_031210/



unhappycamper comment: The economic draft is working great! :sarcasm: