The 7% figure now matches the rest of the U.S. population, federal statistics show. But the youngest veterans still lag.July 23, 2013 - Unemployment among recent veterans has fallen sharply and now is the same as for the rest of the U.S. population, hovering just above 7%, new federal statistics show.
The figures suggest that a vexing and stubborn trend of higher joblessness among veterans who left the military after September 2001 has been reversed. It now appears that veterans are being hired at a faster rate than non-veterans.
Advocates credited a variety of public and private efforts, including major U.S. corporations beginning to make good on pledges to hire hundreds of thousands of veterans, federal tax incentives for employers and allowances for veterans to receive professional licenses based on their military training.
In the second quarter of this year, average unemployment among post-9/11 veterans was 7.4%, according to the U.S. Bureau of Labor Statistics. That is not statistically different from the rate of 7.2% for non-veterans.
Until recently, the jobless rate among those veterans remained stuck in double digits, even as U.S. unemployment peaked in early 2010 and began to decline. read more>>>
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