Good news regarding veterans unemployment coming from the Bureau of Labor Statistics (BLS). According to data released last week, the veterans unemployment rate dropped to 5.3 percent last year. That is not only the fourth consecutive year of declining unemployment numbers for military veterans, but veterans unemployment is also the lowest its been since 2008.
What may point to continued good news coming from the military employment front is that veterans who served in the military after September 2001 saw an even bigger improvement. This group, which is disproportionately affected by joblessness, saw their unemployment rate fall to 7.2 percent last year. That was an improvement from 12.1 percent in 2011.
As many of you who follow our blog know, unemployment along with homelessness, PTSD and suicide are all looming issues for our military veterans. We here at Hero Giveaways are glad to see how veterans unemployment is improving and hope we all continue to focus on helping our military vets.
Why the improvement in the U.S. jobless rate for veterans? The improving U.S. economy is one reason more of our military veterans are able to find employment. Also, there are a number of programs designed to help veterans find work and incentives for business to hire veterans.
With veteran unemployment records continuing to trend downwards, these programs and incentives seem to be working. And there are also other programs and proposals coming down the line to help veterans start their own small business or to go into farming.
The Washington Post also reported that, "...about 33 percent of all new hires for the federal government were former service members, according to a report from the Office of Personnel Management."
These new hires of military veterans in the federal government could have come as a result of the executive order President Obama signed in 2009. That executive order required federal agencies to focus on recruiting and hiring more of our veterans.
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