Veteran Unemployment Rate At Near-Record Low
The D recently released a report stating that the veteran unemployment rate was 2.9 percent, down from 3.7 percent in 2017, and 4.3 percent in 2016. This is the second time that the rate has dropped below 3 percent.
The veteran unemployment rate was at its highest in 2011 at 9.9 percent, but has been on the decline since then, according to the Department of Labor.
This is great news for the roughly 250,000 veterans who transition from the military into the civilian workforce each year.
Government initiatives like Joining Forces and other programs educating private sector companies on the skills that veterans bring to the workforce have helped explain the increase in veteran employment.
The low veteran unemployment rate is great news if you are seeking a career, as the market conditions could not be more favorable for veteran job seekers. Employers are hiring regardless of industry experience, and are willing to train and onboard you to succeed. The opportunities are endless, and Orion is dedicated to help you achieve your full potential in the private sector.
Orion has placed nearly 45,000 military members in civilian careers, in industries ranging from Oil & Gas, Food & Beverage, Semiconductor, and more. If you are looking for civilian employment, learn more about how Orion can help you in your transition, and register on our site to find your next career with Orion. In addition, we offer many different resources to help with the transition process. From resume writing help, interview prep, and even navigating civilian benefits, we’ve got you covered.