New Veterans Unemployment Rate Decreases

New Veterans Unemployment Rate Decreases

CONTACT: Carlisle Williams (212) 982-9699 or press@iava.org

FOR IMMEDIATE RELEASE

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New Veterans Unemployment Rate Decreases

IAVA encouraged by downward trend in unemployment shown by May jobs numbers

NEW YORK (June 7, 2013) The Bureau of Labor Statistics today reported the May unemployment rate for Post-9/11 veterans was 7.3% percent, down from 7.5% in April and .3% lower than the national unemployment rate.  

“Today’s report, showing a decrease in the number of unemployed veterans, reflects the comprehensive national effort needed to bring down the unacceptably high unemployment rate in our community. Companies throughout the United States are investing in veterans and realizing the incredible returns from that investment,” said Paul Rieckhoff, founder and CEO of Iraq and Afghanistan Veterans of America (IAVA). 

“This second month of decrease in the number of unemployed veterans is a testament to the leadership of employers, the White House, VA, Joining Forces, Veteran Service Organizations, and hard-working veterans themselves.  Still, too many veterans still struggle to find a job, which is why reducing the number of unemployed vets must remain a top priority,” Rieckhoff added.

Note: the BLS jobs report is a monthly estimate of the nation’s employment situation, and fluctuations in the post-9/11 veterans unemployment rate may be due to the small sample of veterans surveyed on the report.  

IAVA has pushed for legislative change such as the enactment of the VOW to Hire Heroes Act of 2011. The law provides tax credits up to $9,600 for each veteran a business hires, and mandates the Transition Assistance Program and strengthens it with resume and career counseling.  In addition, the law translates military certifications into similar jobs in the civilian workforce.

IAVA also has organized employment readiness events, including programs with Fullbridge and the New York Stock Exchange, and worked with employers including Bechtel, JPMorgan Chase, MillerCoors, Southwest Airlines, and Tesla Motors to find returning veterans meaningful employment. Last month, IAVA hosted employment events for veterans in Los Angeles with PIMCO and Creative Artists Agency.

Encouraged by the downward trend, IAVA recognizes the efforts of the private sector, including leaders like Cisco, JPMorgan Chase, and Wal-Mart, as well as the Chamber of Commerce, the White House, VA, and Joining Forces.  

Iraq and Afghanistan Veterans of America (www.IAVA.org) is the nation’s first and largest nonpartisan, nonprofit organization representing veterans of Iraq and Afghanistan and has more than 200,000 Member Veterans and civilian supporters nationwide. IAVA recently received the highest rating – four-stars – from Charity Navigator, America’s largest charity evaluator. 

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