Navy to Cut Jobs Amid Recession-Driven Sailor Surplus
With more sailors staying in the military amid a slumping economic recovery, the U.S. Navy is taking the unprecedented step of firing low-ranking petty officers to help rein in spending.
The Navy plans to let go of 3,000 young sailors after economic uncertainty put the service in the unusual position of having a manpower surplus.
The move comes as a new government report shows that the unemployment rate ticked up to 9.2 percent -- marking 29 straight months that number has been over 8 percent and a record streak since the Great Depression
next up the USAF.
The Air Force retention rates are also up to a 6-year high, causing it to convene a similar reduction-in -force board. The Air Force will review the records of more than 9,000 officers, mostly majors, and roughly 400 are expected to be let go