Military veterans fare well in recovering job market

As Defense Dept. draws down, jobless rate falls for returning troops

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Bringing U.S. troops back home from far-flung conflicts takes them out of harm’s way. But it also sends many looking for a new job.

As the drawdown of American forces continues in the Middle East, the Army announced in July it will reduce troop strength by some 57,000 soldiers over the next two years. That news helped push the level of expected layoffs to a four-year high, according to a monthly survey from outplacement consultant Challenger, Gray & Christmas.

“When the military makes cuts, they tend to be deep,” CEO John A. Challenger said in a statement. “With wars in Afghanistan and Iraq winding down and pressure to cut government spending, the military has been vulnerable to reductions.”

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