Veteran Unemployment

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This year, the United States is set to end over a decade of continuous combat operations in Afghanistan as well as reduce the size of the military in an effort to restrain the growing deficit of the federal government. While some welcome these actions, they will have a significant effect on the men and women of the armed forces. Since the military is now focused on returning to a peacetime posture and cutting personnel, more veterans will be entering the civilian market. These men and women, who come from all walks of American life, will have had vastly different experiences than their civilian counterparts. These veterans will have spent their formative years in a wartime military and while they have so much to offer society, often, their service and they as individuals are stereotyped with unflattering characteristics by civilian managers, which has a negative impact during their post-military search for employment. Some civilians see them as uneducated and suffering from a host of mental problems related to their service. This problem is not only relevant for recent veterans but for all of those who have volunteered to serve in the military. Veteran unemployment is a serious problem for the United States. Those who choose to serve in the military should not be negatively impacted in the civilian marketplace as a result of their sacrifice.
By accurately forecasting veteran unemployment, Government and Non-Profit leaders can gain a better understanding of the variables that significantly impact a veteran’s employment opportunities. These leaders can then make effective policy decisions and tailor their programs towards minimizing the problem. Non-Profits offer numerous job-training opportunities as well as interview and resume p...

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...ocial Security Administration has not collected the disability award information for the first 3 months of 2014, therefore, the forecast can have at most 92 data points. Since there is a lack of historical data available, the forecast accuracy will be negatively affected. Another problem encountered in making this forecast was that there were very few variables related to veteran unemployment that are calculated monthly. While the independent variables chosen do have significant impact on the veteran unemployment rate, the forecast would only be enhanced if information such as veteran disability awards and veteran educational enrollment was calculated on a per month basis instead of quarterly or every fiscal year. However, while the variables used in the forecast may not be perfect, they still will be able to give a fairly accurate forecast of veteran unemployment.

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