Wednesday, July 24, 2013

Veteran Unemployment Rate Down

In a report released by the Bureau of Labor Statistics earlier this month, the unemployment rate for post-9/11 veterans has decreased from 7.5 percent in April to 7.3 percent in May. This is down from the 12.7 percent rate that was recorded over a year ago.

The steady decline comes in part from an increased awareness in the importance of hiring veterans, brought along in part by the White House’s Joining Forces coalition, a campaign led by First Lady Michelle Obama to encourage and challenge private sector employers to hire military veterans. According to the White House, nearly 300,000 veterans have benefited from the initiative as of April 30. To learn more about Orion International’s involvement with Joining Forces, click here.

The low unemployment rate does not mean that veterans still don’t need help. “This is an extremely positive step,” states Tom Tarantino, chief policy office for Iraq and Afghanistan Veterans of America (IAVA). “It’s the result of a lot of hard work by a lot of people both in and out of government. But this isn’t the time to take our eye off the ball,” warns Tarantino.

Among post-9/11 veterans who have a service-connected disability, the unemployment rate was 8 percent in 2012, according to the Labor Department in a March report. And those veterans between the ages of 18-24 struggle the most, with an unemployment rate of 20.4 percent in 2012.

There are many benefits of hiring Veterans, including the leadership skills, integrity, teamwork mentality, and more that they bring to the private sector. If you are in a position to hire veterans, we ask that you consider using Orion to help find top-quality, skilled employees. Please fill out a contact form to request more information and to speak with an Account Executive to begin the next step in hiring veterans.

Additionally, if you know of a friend or colleague who is in need of military talent, consider referring them to Orion. For every referral you provide, you will be automatically entered into our monthly drawing for a $50 gift card. Even better, if your referral results in a placement, you will personally receive a $100 gift card as our way of saying thank you. As always, we will maintain your privacy and never share your information nor that of your referral. Click here to provide a referral.

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