Washington DC (October 5, 2012) - The Bureau of Labor Statistics released Veteran unemployment data for the month of September 2012 as 6.7 percent for all veterans, however, the current 12-month average unemployment for Veterans is 7.3 percent, the lowest figure during this administration.
Not faring as well are the post-9/11 veterans whose unemployment rate stands at 9.7 percent.
While the September 2012 statistics are encouraging, in this economy, too many Veterans still can’t find meaningful work, reports the Veterans Administration.
In a recent report, the Veterans Administration provided data of moving or rolling monthly averages to view the unemployment trend. The 12-month averages for the periods ending each month since January 2010 show a modest decline in some Veterans unemployment rate.
For Iraq and Afghanistan-era Veterans (or Gulf War II-era Veterans), the monthly unemployment rate dropped to 9.7 percent in September. While the month-to-month figures for this demographic are highly volatile, the longer term trend is a reliable measure that continues to show a consistent decline over more than two and a half years.
This may be a sign of recovery following the worst economic recession since The Great Depression.
As with all Veterans, the unemployment rate decline among post-9/11 Veterans is also reflected in the 12-month moving average, a rate that has modestly but consistently fallen during 2012. The rate over the past 12 months stands at 10.4 percent, tied with July 2012 for the lowest unemployment rate during this administration.
To further a better outcome, the VA is collaborating with the White House and the Chamber of Commerce on hiring fairs across the country through the Hiring Our Heroes Program.
The VA is also urging Veterans to prepare themselves for the job market by taking advantage of programs like the Post-9/11 GI Bill and the Veterans Retraining and Assistance Program (VRAP).
Lauren Bailey contributed to this SedonaEye.com article.