Veterans still face disproportionate unemployment
Despite fedeal assistance programs amounting to $12 billion during the last fiscal, veterans who served after Sept. 2001 are disproportionately unemployed, says the Congressional Research Report. A large reason for that may be the relative youth of the recent veteran population, the report says.
In a report (.pdf) dated Oct. 23 posted online by Secrecy News, CRS says veterans that served recently in Iraq and Afghanistan have an unemployment rate of 9.9 percent for the end of the third quarter 2012. This dwarfs the 7.9 percent unemployment of nonveterans and the 6 percent unemployment for veterans from prior service periods.
CRS says these rates will likely remain consistent throughout fiscal 2013. The report suggests that this is not purely recession related and says that averages for the previous 16 quarters put average recent veteran unemployment at 10.7 percent, while other veterans averaged 7.4 percent and the nonveteran workforce averaged 8.7 percent.
The report notes that the recent veteran pool is smaller than the workforce of veterans from other conflicts and much younger than the nonveteran workforce.
About 63 percent of the recent veteran labor force is under the age of 35, compared to just 37 percent for nonveterans.
Since younger workers generally have higher unemployment rates than older workers, recent veterans' relative youth may influence their unemployment rate, the report says.
The report notes some differences in employment rates for veterans with service-related disabilities, but defines their disabilities' impact as modest.
- download the report, R42790 (.pdf)