Of the 4.2 million veterans in America who served on active duty in the U.S. Armed Forces since September 2001, the Bureau of Labor Statistics most recently reported that 120,000 of them are without a job.
This group is the youngest of the nation’s veterans, and they’ve had a tough time finding employment since leaving the service. In October 2011, when the national unemployment rate was 8.9%, those post 9/11 veterans had an unemployment rate of 12.1%.
Since then, employment picture for these vets has improved significantly. As of last month, their unemployment rate was 3.6% on a not seasonally adjusted basis, which compares favorably to the national unadjusted unemployment rate of 3.9%.
Winning the Battle
The downtick is encouraging; employers have gotten the message that hiring a veteran is good for business. What is it that makes that so? Here’s a reminder about the benefits of hiring a vet:
Military personnel spend most of their time working closely with others. They bring an intrinsic understanding of how loyalty adds to productivity and builds trust with coworkers.If you read the previous list and started thinking you should look into hiring more vets, great! The VA Department can help. But what if you are already aware of the benefits, and already have a bunch of them working for you? Even better! You can show them how much you appreciate their unique skills in the workplace by recognizing them this Veterans Day:
By recognizing the contributions of veterans in and outside the workplace, you do a lot toward dispelling some of the myths associated with military service, while simultaneously making your office more inviting toward them. The military puts great importance on formal recognition, so recognizing the veterans who work for you shouldn’t be much of a stretch.
Veterans Day is Saturday, November 11th, and we send our best wishes to those stationed overseas and serving at home.