There’s been some good, but quiet, news lately for America’s veterans: The job picture for vets is improving.
In March, the U.S. Labor Department reported that the unemployment rate for younger veterans — those who have served since the Sept. 11, 2001, terrorist attacks — fell from 12.1 percent in 2011 to 9.9 percent in 2012.
Last week, the department reported that the May rate for unemployment among those veterans was down to 7.3 percent, compared with 12.7 percent during May 2012. And the jobless rate for veterans of all generations was lower still, at 6.6 percent.
Part of that can be attributed to the improving U.S. economy. Another big piece is the initiatives of the federal government and private sector to put emphasis on hiring vets.
Congress approved tax credits for companies that hire veterans and also required the military to provide transition training to those leaving the service. Many private companies have announced efforts to hire more vets in the past two years.