Which way is the unemployment rate going among veterans? And how will veterans’ issues be handled during the Trump presidency?
All good questions.
Let’s start with unemployment.
The unemployment rate for the latest generation of veterans jumped to 6.5 percent in November — a notable increase that brings the rate to its highest level in 2016, according to Military Times.
Hopefully, this is just a temporary, one-time increase.
Overall, the veteran unemployment rate is closer to the national unemployment rate of 4.6 percent. You remember, in the past few years, when veterans’ unemployment was significantly higher than the national rate. So we’re still going in the right direction.
And just what direction will the new president take us when it comes to helping our nation’s veterans find meaningful jobs and prosperity for their families?
When asked in recent interviews if he is committed to getting more veterans employed, president-elect Trump replied, “I will.”
According to his campaign website, Trump detailed his veterans initiatives:
He would “increase funding for job training and placement services (including incentives for companies hiring veterans), educational support and business loans. All Americans agree that we must do everything we can to help put our service men and women on a path to success as they leave active duty by collaborating with the many successful non-profit organizations that are already helping. Service members have learned valuable skills in the military but many need help understanding how to apply those skills in civilian life. Others know how to apply those skills but need help connecting with good jobs to support their families. Still others have an entrepreneurial spirit and are ready to start creating jobs and growing the economy. The Trump plan will strengthen existing programs or replace them with more effective ones to address these needs and to get our veterans working.”
We shall see what all of this really means in the coming months. There is plenty of reason for optimism.
For us at the Veterans Support Organization, we provide jobs to veterans on Florida’s Treasure Coast and consider ourselves part of the solution to improve the lives of indigent veterans.
No matter what happens in Washington, we’ll be here serving our veterans.
Story written by Richard VanHouten, founder and CEO of Veterans Support Organization.