Veterans Unemployment Rate Improves Again In July

Veterans information




Like, Comment, Share

Veterans Unemployment Rate Improves Again In July

image for Veterans Unemployment Rate Improves Again In July

Image: – – Veterans Info Site

The job outlook for Iraq and Afghanistan veterans continues to brighten as the unemployment rate for the group fell for the sixth month in a row.

The unemployment rate for veterans who entered service after Sept. 11, 2001, fell to 8.9 percent in July, down from 9.5 percent the previous month and from 12.4 percent in July 2011, according to the latest monthly employment report released Friday by the Labor Department’s Bureau of Labor Statistics.


Veterans of all generations also saw a sharp drop in their unemployment rate: the overall veterans jobless rate was 6.9 percent, down from 7.4 percent in June and 8.6 percent a year ago.

The national unemployment rate remained almost unchanged at 8.3 percent, up a tick from 8.2 percent in June.

But the economy added roughly 163,000 payroll jobs in July, more than twice the amount it added in June.

The drop in unemployment for veterans comes as corporations such as Goodyear, as well as the rail and mining industries, have pledged to hire veterans. The federal government also continues its push to expand opportunities for former service members.

The Health and Human Services Department announced Thursday a $2.3 million grant program to train physician assistants and help veterans transition from military to civilian PA jobs when they leave the service. The funds were awarded to 12 institutions to support educational programs to train PAs.

And on Wednesday, Interior Secretary Ken Salazar and Lt. Gen. Jeffrey Talley, chief of the Army Reserve, signed an agreement to broaden job opportunities for reservists in the nation’s parks and outdoor spaces managed by Interior.

House Veterans’ Affairs Committee Chairman Rep. Jeff Miller, R-Fla., said Thursday he will also push for extension of tax credits for companies who hire veterans. The incentives are set to expire at the end of the year.

“I think it will be easy to extend them,” Miller told Bloomberg News.

By Patricia Kime, Staff writer
ArmyTimes.com
August 3, 2012



 

Share on social media

Veterans Info Site uses AddThis share buttons so you can easily share your favorite content from this site to your Facebook, Twitter, and more.
To share this on social media, click on the share icons. You will be prompted to connect your social media account if you have not already.
Thank you for sharing!

 

Comments



image showing text Join Us

Help Us Help Them!

Do you have helpful information, resources, services or products for US Military Veterans and their families? You can help us to help US Military Veterans and their families by sharing that information on this website.

Join us now and share your US Military Veterans Information, resources, services and products with others who need it.

This website was created by a male military spouse as a way to help US Military Veterans and their families and this site is ALWAYS FREE to join.

Never Forget Them

image of POW flag

Please, remember our POWs and MIAs.
They still wait. Their families still wait.