The reduction in military forces will adversely affect youth employment, youth training, and the educational opportunities available to youth. Fewer young people will be employed by the military, and fewer will be receiving occupational training in military skills. In addition, fewer young people will become entitled to G.I. Bill educational benefits. The magnitude of these effects depends on the extent of the drawdown and the strategies used by the Armed Services to reach their lower personnel levels. This paper discusses the drawdown and the different strategies for achieving it. It then utilizes quantitative models of the Armed Forces personnel system to estimate the effects on unemployment and training and educational opportunity under different drawdown scenarios.