A recent article published in the Los Angeles Times brings exciting news for veterans. There is hope that federal unemployment relief efforts and corporate incentives have begun to shift the dial on veteran unemployment. Recent statistics show that the gap is closing between the national unemployment rate and the unemployment rate for veterans who left the military after September 2001.
Until recently, veterans have fared worse than non-veterans in the job market. But, new federal statistics show that there has been a sharp dip in veteran unemployment and it is now the same as overall unemployment numbers, hovering just over 7%. A variety of public and private efforts have been attributed to this sharp dip. Major U.S. corporations have made good on their promises to employ hundreds of thousands of veterans. In addition, the federal government has offered employers federal tax incentives to hire veterans and has provided allowances for veterans to receive professional licenses based upon their military training.
About 2.8 million veterans have served in the military since September 2001. These service people have made tremendous sacrifices for our country. They have also acquired a skill set that is highly valuable and transferable. “The veterans have done something for their country. The country has a moral obligation to ensure they are working and productive citizens,” this according to Derek Bennett, chief of staff for Iraq and Afghanistan. It’s nice to see that corporate America agrees.