Image by Getty Images via @daylifeMany veterans were promised that the skills and experience they receive in the Armed Forces will be transferable to civilian life. This has not been the case most of the time. Veterans have to be educated and they have to be trained.
The issue of unemployment focuses around the age group of 18 to 24 years old. In 2010 this age group of veterans had an unemployment rate of 20.6% while non-veterans in this same age group, it was 17.3%. We have to look behind and around the numbers and try to understand why the numbers are skewed. From reading the papers and listening to TV one would get the impression that corporate America is not hiring veterans. This is not the case.
The first reason for the skewed numbers is that many of these young people were deployed three or four times. The second reason, is that some haven't decided what to do, and they would like to spend a couple months just relaxing. And the third reason is that many of the veterans in the 18 to 24 years age group, went back to school. Over 440,000 veterans used the new GI Bill since it was enacted in 2009.
Overall, if we look at employment numbers for all veterans the numbers are good. For 2009 the unemployment for all veterans was 8.1% compared to 9.3% for non-veterans. In 2010 unemployment among all veterans came in at a respectable 8.7% while it was 9.4% for the general population.
What these numbers tell us is that a veteran simply wants an opportunity. And when the chance comes the veteran will keep working.
There are several organizations that are available to help the veteran. A few are listed below.
The Department of Veterans Affairs has launched a website connecting employers with veterans.
Hiring Our Heroes: organized by the Chamber of Commerce
Transition Assistance Program: sponsored by the Federal Government
Warriors to work program.
Tip of the Arrow Foundation.
Wounded Warrior Program.
Military to Medicine.
President Obama has challenged the private sector to create 100,000 jobs for veterans by the end of 2013.
Corporate America has invested heavily in recruiting veterans. These corporations realized that the leadership, teamwork and getting the job done while under pressure, are qualities that every veteran brings to the table.
For more articles on mortgage news, tips and advice, please visit:
House Refinance Center
Related articles:
Service Members on active duty turn to Military Forbearance to help ease the financial pain
Mortgage and Foreclosure protection for our men and women in uniform
Posts
I've heard that the US president is unveiling a jobs initiative which gives tax breaks to companies who hire US veterans. That's a good move so that veterans who like anyone else suffer from the economic difficulties can get back to work.
ReplyDeleteThe Federal Government has hired 100,000 veterans in the last year and a half. The president is challenging the private sector to match this number by the end of 2012. It's doable. Companies have been sitting on boatloads of cash for the last 3 years. Not hiring. Well it's time.
ReplyDelete