Army Recruiting Soars as Job Dry Up

Bleak employment, bonuses boost numbers to highest level since draft ended

(NEWSER) - The recession has helped boost the US military to its best recruitment year since the post-Vietnam switch to an all-volunteer force. Recruiters hit or exceeded all their targets for the first time since 1973, surprising even Pentagon officials. In addition to rising unemployment, recruiting was helped by bonuses, a recruiting budget that averages $10,000 per new recruit, and the drop in violence in Iraq, according to military officials. More»

Jobless rate drives surge in applicants

(NEWSER) - Rising unemployment and safer conditions in Iraq have boosted interest in joining the Army, allowing recruiters to raise acceptance standards. The Washington Post reports that felons and recent drug users need not apply, and the pool of applicants also is better educated. For the first time since 2004, the Army is on track this year to meet its goal of making sure 90% of recruits have high school diplomas. More»

Employment picture likely to remain grim for years, and predicting winning industries is a challenge

(NEWSER) - The job market is likely to be grim for years to come—economists expect that even if job creation returned to the brisk pace of the ‘90s, unemployment wouldn’t return to 5% until 2017. And for many of the unemployed, the numbers belie the real problem: The positions they're trained for may be gone forever. The real estate and finance industries, for example, will probably never support as many employees as they did before the recession. More»

(NEWSER) - If the downturn has you considering a “recession-proof” job like teaching or medicine, think again, Greg Burns writes in the Chicago Tribune. The recession has affected all sectors, from layoffs and lower enrollment at educational institutions to dwindling state budgets choking civil servants. “It’s a question of degree,” one expert says. “I really don’t believe there is any such thing as recession-proof.” More»

Jobs report offers scary echoes of 1930s stagnation

(NEWSER) - Yesterday's grim jobs report is the clearest sign yet that the US desperately needs another fiscal stimulus, writes Paul Krugman in the New York Times. This is 1930s redux: a Democratic president has pushed through an insufficient program, while strapped state governments cancel out federal spending with their own budget cuts. If President Obama doesn't act, he'll be facing his "personal 1937." More»