New War Vet Unemployment Rate Dips, But Doubts Remain

Career College Central Summary:

  • For nearly 10 years, there have been warnings and signs about a generation of war veterans unemployed and lost amid the ups and downs of America's economy. In the last two years or so, politicians, government agencies, corporations and non-profit groups started earnestly taking up the cause, and the advocacy appears to have finally made a difference.
  • In June, veterans of the wars in Iraq and Afghanistan had an unemployment rate that dropped below the national average after years of greatly outpacing their civilian counterparts, according to the Bureau of Labor Statistics. Veterans of those wars had a June unemployment rate of 7.2 percent, down from 9.5 percent the previous year. The June 2013 national average for all workers was 7.5 percent.
  • Female veterans of Iraq and Afghanistan continue to face a worse situation than their male counterparts. Recent female veterans were unemployed at a rate of 8.9 percent in June, compared to 6.8 percent for male veterans.
  • Advocates point to factors that have improved overall unemployment rate: large corporations like Walmart, Capitol One, and Home Depot have begun following through on their promise to hire large numbers of veterans; many veterans have finally been home long enough to find gainful employment; and advocacy against the negative stigma of wounded veterans, including those with PTSD, has gotten more effective.
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CBS NEWS
 

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