Now is the Time to Hire Veterans - Veteran Unemployment Rate at Near Record Low
The U.S. Department of Labor BLS just released October’s unemployment numbers, and the news is great for our nation’s veterans just in time for Veterans Day. In October, the veteran unemployment rate was 2.9%, as compared to the non-veteran unemployment rate of 3.5%. Overall unemployment was unchanged at 3.7%.
This near-record low is part of a downward trend. Military.com points out that this is “one of only a few times in nearly two decades that the overall veterans unemployment rate has dipped below 3 percent, following a record-making drop to 2.7 percent last October.”
But what does this mean for employers? It means they will need to work harder to recruit from this talented labor pool. The BLS reports that total nonfarm payroll employment increased by 250,000 in October, particularly in health care, manufacturing, construction, and transportation and warehousing. With increasing hiring needs, hiring managers, especially in the industries the BLS named, need a game plan to fill these positions from a finite group of veteran candidates.
These military job seekers possess unmatched experience, have demonstrated performance in high-stress situations, and are graduates of the nation's military academies, top colleges, and leading technical schools. For employers wanting technical expertise, leadership experience, commitment, focus and diversity, veterans are an excellent choice.
Orion Talent, a total talent solutions provider with 27+ years as a military recruiting leader, offers many military recruiting programs that offer clients the right fit for their specific recruiting challenges. These solutions provide proven, dependable JMOs, Leaders, and Technicians. To learn more about the quality of our candidates, view our infographic, "The Quality of Our Military Talent".
View the full unemployment report here. And then GET STARTED TODAY to recruit these highly sought after veterans for your company.