Wednesday, June 27, 2012

Surprising Factoid: The Military Is Paying Nearly $1 Billion To Support Its Jobless Veterans

The cost of unemployment compensation for troops leaving the military without jobs approached a billion dollars last year, though the rate of increase slowed to just 2percent over 2010, figures from the Department of Labor show.

A key factor behind the trend easing was that the Army, the largest of the services, saw the benefits it pays out decline slightly from 2010 to 2011. The military spent $944 million last year in unemployment benefits -- the largest amount since the recession of 2008....

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