Explaining Southern California's economy

Veterans Day: Remember our warriors — but give them jobs!

John Rabe

Veteran's/MIA park at Cypress and Pepper in Cypress Park. Nov 8, 2011.

This Veterans Day is remarkable for more than just the unique date: 11.11.11. It should be remembered, or perhaps etched in out minds with acid, because it's taking place in the context of horrific national unemployment. If you're one of the 14 million American currently without a job, be... thankful that you're not a young vet.

This is from an excellent Businessweek blog post on the topic:

Dig...into the pages of U.S. Bureau of Labor Statistics employment data and it becomes apparent that while the job market is slowly improving for most Americans, it’s moving in the opposite direction for Gulf War II vets (defined by the BLS as those on active duty since 2001). The youngest of veterans, aged 18 to 24, had a 30.4 percent jobless rate in October, way up from 18.4 percent a year earlier. Non-veterans of the same age improved, to 15.3 percent from 16.9 percent. For some groups, the numbers can look a good deal worse: for black veterans aged 18-24, the unemployment rate is a striking 48 percent.

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