4:42 pm March 15, 2012, by Christopher Seward
Despite fears that veterans who served in Iraq and Afghanistan are coming back home to a life of unemployment, the latest government figures suggest the opposite.
The unemployment rate for veterans is 7.6 percent, below the national rate of 8.3 percent, according to a CNN Money report, citing Bureau of Labor Statistics figures.
One reason for the strong showing is that employers and Uncle Sam are targeting vets for spots in the civilian work force. The improving economy also helps their odds of landing a position, CNN says.
Disney announced this week it will hire 1,000 vets over the next three years as part of its “Heroes Work Here” program.
Federal programs, such as the Returning Heroes and Wounded Warriors, provide tax credits for companies that hire vets. From CNN:
Returning Heroes provides a credit of up to $2,400 to employers who hire a vet who’s been unemployed for at least four weeks. It was expanded to give $5,600 to employers who hire veterans who’ve been jobless for over six months.
The private and public efforts appear to be paying off. Last year unemployment among vets stood at 12.5 percent.
Get inside Atlanta's and national business news and how it affects you.
Vacation stops, manage subscriptions and more