LoginThere are some indications that the job market for returning members of the military are improving, as many employers actively seek out veterans to fill open positions.
In a recent blog for the Huffington Post, VetJobs CEO Ted Daywalt highlighted the fact that during July the unemployment rate for veterans dropped to 6.9 percent, nearly a percentage point lower than June’s rate of 7.7 percent. In addition, the jobless rate for vets aged 18 to 24 fell to 19.9 percent from 23.3 percent the month before.
However, there is likely to be a greater need for veteran hiring thanks to a reduction in active duty troop levels in the coming months.
"VetJobs anticipates the unemployment rate for the young veterans will increase more as DOD continues to furlough 140,000 active duty troops and more of the National Guard and Reserve brigades start returning from their mustering stations in Kuwait," Daywalt writes.
In some cases, government organizations will hold events where employers can meet with former service members. In June, the Department of Veterans Affairs hosted an event in Detroit where brands including Target, Hertz Corporation, Prudential Financial and others were looking to add employees.
Content provided by executive search organization, MRINetwork.