Veteran Unemployment Lowest Since 2008

Veteran Unemployment Lowest Since 2008

June 29, 2015

Veteran Unemployment Lowest Since 2008

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 Continued Improvement in Veterans Unemployment Numbers?

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.

 

About Healing Heroes Network

Healing Heroes Network is committed to healing America’s Heroes by providing financial assistance for quality care to military personnel injured in the line of duty in Iraq or Afghanistan since 9/11/01. Join our mission in healing our Heroes by supporting our wounded Veterans through communication, education, and community outreach. Healing Heroes Network strives to bring awareness to the often untreated injuries sustained in war and the desperate need for our services. If you are aware of a wounded Hero injured after September 11, 2001, in need of medical services not being provided, or if you are a medical provider willing to join the network, please contact Healing Heroes Network directly at 727-781-4376, or visit www.healingheroes.org Other Articles
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