Soldiers Deployed Overseas Far More Likely to Be Unemployed When They Come Home

New veterans—those who left US military service recently—have higher unemployment rates than both older veterans and civilians, according to a new research paper from the Chicago Fed. Even taking into account the age and education level of new veterans, “neither demographics nor simply being a new veteran by themselves can account for the rise in relative unemployment rates for new veterans,” the paper says. “Instead, our results suggest that prolonged deployments overseas account for much of the difference in unemployment rates between recent veterans and nonveterans.” More »