11 Facts About Veteran Unemployment

Soldier
  1. Unemployment is highest among young male veterans 18- to 24-years-old. 1 in 3 male vets under age 24 was unemployed in 2011.
  2. 12.4 percent of veterans, aged 25 to 34, were unemployed compared to 9.5 percent of non-veterans of the same age group.
  3. Iraq and Afghanistan Veterans of America (IAVA), the nation’s first and largest nonpartisan, nonprofit organization representing vets, found that 16 percent of IAVA members are unemployed.
    • The January 2013 survey of over 4,000 IAVA members
    • Of the group that was unemployed, 33.8 percent of them have been so for longer than a year.
    • More than 17 percent have been unemployed for over two years.
  4. In comparison, the national veteran unemployment average from the Bureau of Labor Statistics is 8 percentage points lower.
  5. 1 in 3 employed veterans with a service-connected disability worked in the public sector in Aug. 2012, compared to the 1 in 5 veterans with no disability.
  6. The Center for a New American Security found, in a June 2012 report, that from the perspective of businesses one of the main barriers to hiring veterans is that they struggle to understand how military skills translate to increasing the bottom line.
  7. 46 percent of veterans reported that another significant challenge was competing with candidates who have been in the workforce longer.
    • 43 percent also noted their lack of education for specific roles.
  8. These challenges aside, 53 percent of veterans facing physical or mental health challenges are twice as likely to say they're not ready to transition, according to IAVA.
  9. A 2012 survey of new veterans with Prudential, Inc. found that 60 percent of veterans said translating their military service to the civilian job market was a significant challenge.
  10. Only 66 percent of new veterans received employment resources during their transition, according to a Prudential study.
  11. The White House recently announced that American companies have committed to 435,000 new hires or trainings for veterans and military spouses over the next five years.

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Sources: TIME, IAVA, Think Progress, Washington Post, Wall Street Journal, Bureau of Labor Statistics, CNN, White House, Army Times, Huffington Post, Face the Facts