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Tuesday, November 15, 2011

11.7% Jobless Rate for Returning Veterans

In the November 4th, 2011 edition of the Kiplinger Letter, I read an interesting commentary about Military Veterans and them finding jobs on the homefront.  The jobless rate for returning soldiers is 11.7%.  This is a significantly higher rate than the unemployment rate in the U.S.  I believe that many of these numbers are NOT true representatives of the reality.  For example, a Navy reservist has been denied employment because of his military status.  While against the law, it is a reality than many don't realize is happening to our men and women serving their country.  Free market enterprise is undergoing various challenges with a lackluster economy that is starting to pick up steam from this recession.  Some pickup is occurring but not at the breaknecking speed needed to turn the economy around.  GDP growth remains low relative to other countries. 

The Dept of Labor and Veteran's Affairs is offering incentives to businesses.  For those veterans seeking employment especially those wounded in a combat zone, there's a tax credit in hiring such a job candidate.  Government money for salaries and other incentives for employment may benefit small businesses seeking to hire yet limited with monetary means.  Obviously you need to research this on your end for clarification because some employers hiring may not realize the added benefit a veteran offers.  At the America's Heroes for Work site, you will find loads of information about this topic.  As each state operates differently and as the information is limited, it is wise to seek counsel and/or talk with a private headhunter who may specialize in placement of veterans.

Job seekers are challenged today in the U.S.  It is wise to keep in mind that this is not you personally but the market conditions in this country.  I pray that you seek a support group either at a church or an employment office or elsewhere.  Never give up faith and hope as you or a friend seeks employment.  All the best, Alfa Sugar

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