Veterans and Unemployment
If you look at the unemployment rate for veterans as a whole it appears to be better than the national average, reaching its lowest level in the past three years when it dipped to a rate of 6.6 percent. The national average remains at 8.1 percent.
If we look at different sectors of the veteran's community; however, we do find that Gulf War II-era veterans (those who served in the Iraq and Afghanistan wars) rose to 10.9 percent. And those serving in the National Guard and Reserve are also experiencing higher rates of unemployment.
With legislation such as the VOW to Hire Heroes act, which provides tax credits to businesses to encourage the hiring of unemployed and disabled veterans, this is one of the reason why the veteran community may be fairing better than the nationally unemployed.
Hiring those in the veteran's community should be considered a smart business decision for employers above and beyond the tax credit implications. Veterans bring unique skills to the workforce as a result of their intense military training, and are highly qualified to fill many civilian jobs. Couple this with the importance of hiring veterans to your diversity and compliance initiatives, and building a veterans' recruitment program should be a core of your hiring plan.
For more information on targeting your job openings to veterans, visit us today at www.americasjobexchange.com.