Though the unemployment rate has dropped to 7.7% for all generations of Veterans, the Iraq and Afghanistan era vets rate has risen to 12.1%. This increase comes after after a report from the Bureau of Labor Statistics that saw a .01% increase in created jobs, or about 80,000. There are currently a few programs being pushed under legislation to provide a more positive hiring experience for veterans, but until these bills are signed by the President, there isn’t much for many of these soldiers to do.
One such program is the Hiring Heroes Act. This act, if passed, will provide benefits such as tax incentives for businesses that hire veterans. The program will offer $2,400 for businesses that hire vets, $4,800 for vets who have been unemployed for over 6 months, and $9,600 for vets unemployed for over 6 month and with a serve-connected disability.
Agreements between Congress and President Obama have not come easy, but the push to help Veterans gain employment seems to be at the top of the list for the majority of individuals in the government. The Obama administration is launching a Veteran’s Day public relations message to list multiple programs to help vets find jobs. There are also multiple loans and grants available to help vets start their own businesses, and pending programs to help vets better understand how to compete in this tight jobs market.