Post-9/11 Veterans Unemployment Rate Increases

Post-9/11 Veterans Unemployment Rate Increases

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

FOR IMMEDIATE RELEASE

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Post-9/11 Veterans Unemployment Rate Increases

July Post-9/11 veterans unemployment increase comes after months of progress

NEW YORK (August 2, 2013) – The Bureau of Labor Statistics today reported the July unemployment rate for Post-9/11 veterans was 7.7%, up from 7.2% in June and 0.3% higher than the national unemployment rate.

“Today’s report shows an increase in the number of unemployed new veterans.  This increase comes after months of sustained progress for veterans. The country has a moral obligation to ensure veterans are working and productive citizens. These men and women represent a group of the population that has been vetted and trained by the military; their capabilities and leadership skills make them an asset to any employer,” said Derek Bennett, Chief of Staff of Iraq and Afghanistan Veterans of America (IAVA).

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.

To support veterans transitioning from combat to career, IAVA connects veterans with resources and potential employers. IAVA has organized employment readiness events, working with employers including Bechtel, JPMorgan Chase, MillerCoors, Southwest Airlines, and Tesla Motors and programs with Fullbridge and the New York Stock Exchange. 

Additionally, IAVA has pushed for legislative solutions to address veterans unemployment, including through 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.  The law also translates military certifications into similar jobs in the civilian workforce.

In IAVA’s 2013 Member Survey, 79 percent of respondents who are employed either part-time or full-time viewed their employer as “Veteran-Friendly.”  IAVA recognizes the efforts of the private sector, especially leaders such as the Walt Disney Company, Cisco, JP Morgan Chase, and Wal-Mart.

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 270,000 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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