Veterans Unemployment Drops 20 Percent in Past Year

First Lady Michelle Obama delivers remarks announcing a major veterans and military spouse employment milestone during a Joining Forces 125,000th hire event at Naval Station Mayport in Jacksonville, Florida, Aug. 22, 2012. (Official White House Photo by Chuck Kennedy)

Some 125,000 veterans and their spouses have found jobs or been trained in the past year through the Joining Forces campaign. That’s thanks to more than 2,000 private sector companies stepping up to the challenge to hire veterans and military spouses.

First Lady Michelle Obama presented the latest veterans’ job numbers Wednesday from Naval Station Mayport, Florida.  She also announced that the private sector companies have pledged to hire or train 250,000 veterans and spouses – double the initial goal in the coming years. Mrs. Obama:

And that’s part of the reason why the unemployment rate for veterans has been dropping.  And so far this year, the number of unemployed veterans is nearly 20 percent lower than it was a year ago.  So we are moving in the right direction.  But let’s be very clear that we are nowhere near where we need to be — nowhere near.

The new goal for Joining Forces is to hire or train 250,000 veterans and military spouses by the end of 2014.

The following companies are new among the 2,000 businesses that are recognizing that hiring veterans is good for their bottom line:

  • NatLabs, Inc. committed to bring 400 jobs back to the U.S. from overseas starting in 2013 and hire veterans as 75 percent of their labor force. These 400 jobs in hi-tech manufacturing will be located in the Jacksonville, Florida, area.
  • Companies like, Dupont and Exelon have made commitments to have veterans constitute 10 percent of their new hires in the coming years.
  • The Military Spouse Employment Partnership (MSEP) – consisting of more than 140 companies – is committed to hire 50,000 military spouses in the coming years. This unique partnership is coordinated by the Department of Defense and consists of companies who have pledged to hire military spouses and support their continued employment and professional development by transferring a spouse’s job with them when they move to a new military duty station. More information on MSEP can be found at: https://msepjobs.militaryonesource.mil/video/military-spouse-employment-partnership

A complete list of every company and their commitment to veteran and military spouse employment through Joining Forces can be found at www.joiningforces.gov/commitments .

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