US: ‘Encouraging drop’ in unemployment rate for veterans

There was “an encouraging drop” in US veterans’ unemployment rate in 2013, according to US secretary of labor Thomas E Perez.

Fri, 21 Mar 2014

There was “an encouraging drop” in US veterans’ unemployment rate in 2013, according to US secretary of labor Thomas E Perez.

Perez’s comments came after a report showed that the rate fell from 7% in 2012 to 6.6% in 2013, according to a release from the US Labor Department. 

According to a Bureau of Labor Statistics report on veterans' employment, the jobless rate for female veterans dropped from 8.3% in 2012 to 6.9% in 2013 and for all Gulf War-era II veterans decreased from 9.9% to 9%. 

"Veterans have the skills that employers are looking for. They make our nation's workforce more productive, our companies more profitable and our economy more competitive," Perez said. "The best way to honour our veterans is to hire them."

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