by Tammy Binford
It’ll soon be July 4th, a day many employers mark by declaring a holiday so employees can have time for patriotic celebrations. But many of those people so fervently celebrated – the nation’s veterans – would be happier to be earning a paycheck than to be feted with a parade.
Recent statistics show improvement in the employment rate for veterans over the last year, but officials note more progress is needed. Figures compiled by the Institute for Veterans and Military Families at Syracuse University show that the unemployment rate for all veterans in May 2013 was 6.6 percent. That’s down from 7.8 percent in May 2012 but up from 6.2 percent in April 2013. The unemployment rate for post-9/11 veterans isn’t quite so favorable. It was 7.3 percent in May 2013, compared to 12.7 percent in May 2012.
Despite relatively low unemployment numbers, the picture isn’t all positive. The unemployment rate for the youngest post-9/11 veterans is still well into double digits. The rate for those ages 20-24 was 17.7 percent in May 2013, down from 22.1 percent in May 2012. The rate for nonveterans ages 20-24 was 13.4 percent in May 2013 and 13.2 percent in May 2012. read more…