Today in the US, it’s Veteran’s Day. And it brings some of the best job news for veterans in years.
From an unemployment rate that at one time reached 15.2%, young vets — those who served in the military after 9/11 — today have an unemployment rate of 3.5%, just slightly than the overall national rate of 3.3%. The rate for all veterans is even lower at 3.0%.
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That’s a remarkable improvement since hitting that unemployment high eight years ago. Then, despite an employment picture that was brightening in the aftermath of the Great Recession, veterans of what’s called the Gulf War II era were sinking into ever deeper unemployment. The situation was so dire the government began to offer tax credits for hiring ex-military. Employers joined together in initiatives to hire veterans. And the military stepped up its career counseling programs for soon-to-be discharged service men and women. Veterans themselves felt unprepared for civilian jobs.