Post-9/11 Veterans Unemployment Rate at 10 Percent: Government Report

Post-9/11 Veterans Unemployment Rate at 10 Percent: Government Report

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

FOR IMMEDIATE RELEASE

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Post-9/11 Veterans Unemployment Rate at 10 Percent: Government Report

August Post-9/11 veterans unemployment rate 2.7 percent above national rate

 

NEW YORK (September 6, 2013) The Bureau of Labor Statistics today reported the unemployment rate for Post-9/11 veterans was 10.0 percent in August, a 2.3% increase from 7.7% in July.   For the veteran population overall, unemployment dropped from 6.4% to 6.2%.  The national trend reflected a slight decrease to 7.3% from 7.4% in July.

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.

“More than a single report, we know that too many post-9/11 veterans continue to struggle to find employment. We have made progress as a nation, but there is more we must do to support veterans’ transition from combat to career,” said Derek Bennett, Chief of Staff at Iraq and Afghanistan Veterans of America (IAVA). “Veterans are pre-screened by the military, and as a result meet criteria that most of the general population does not meet.  As a result, they possess leadership skills, combined with extensive training by the military and incomparable experience, that position them for success at any company.”

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 Google, LinkedIn, Pimco, Lincoln Center, Advertising Week, Cisco Systems, and Futures, Inc. 

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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