A Very BAD Trend. US Combat Vet Unemployment hits 30% -- Global Guerrillas
Here's the unemployment rate for young veterans (16.6%, for vets up to 34). Note: from what I can tell from this Business Week analysis, they are using the weak measure of unemployment (not the one used during the Great Depression).
Combine that with:
* Lots of these guys are combat vets. They are typically the least employable given their training.
* There are many more yet to come. Hundreds of thousands have yet to be laid off. Big defense cuts are coming as the budget continues to gush red ink.
Unemployment is going to get much worse in the next couple of years.
Read more ....
My Comment: These numbers should give everyone pause .... and even First Lady Michelle Obama is trying to do something .... but to put it bluntly .... it's all politics and it will not impact veteran unemployment. After-all .... what jobs are we talking about .... the answer is .... none.