IMPACT

Veteran Unemployment Falls To 7-Year Low

Children talking to soldier at political gathering
Children talking to soldier at political gathering

More and more Americans who've served in the armed forces are going back to work.

The veteran unemployment rate dropped to 5.3 percent last year -- the lowest level since 2008 -- according to data from the Bureau of Labor Statistics (BLS) released on Monday, The Washington Post reported. The figure marks the fourth consecutive year of decline.

More specifically, prospects improved for veterans who've served in the military after September 2001 -- a group disproportionately affected by joblessness. Within that group, the unemployment rate fell to 7.2 percent last year -- a significant drop from 12.1 percent in 2011.

An Obama administration-backed initiative is in part to credit. The president signed an executive order in 2009 requiring federal agencies "enhance recruitment of and promote employment opportunities for veterans."

Each year since the order, vets have comprised a larger percentage of new hires by the federal government, according to The President’s Council on Veterans Employment. About one-third of all new hires in fiscal year 2014 were veterans -- an all time-high.

“We know that veterans possess character, team-building skills and discipline," Secretary of Veterans Affairs Robert McDonald said in a statement by the council released on Monday. "Those traits don’t stop when we take off the uniform. They transfer into the workplace and help their businesses grow and succeed."

To support veterans through Team Red, White and Blue, check out the Crowdrise widget below.

HuffPost

BEFORE YOU GO

  • Chris Van Etten  |  Corporal/E4  |  Purple Heart  |  Combat Action Ribbon  |  Afghanistan Campaign Medal  |  United States Ma
    Devin Mitchell
    Chris Van Etten | Corporal/E4 | Purple Heart | Combat Action Ribbon | Afghanistan Campaign Medal | United States Marines | with Harley, IED Detection Dog
  • Layla Webb, E5/LS2  |  United States Navy
    Devin Mitchell
    Layla Webb, E5/LS2 | United States Navy
  • Sgt. Darren F.  |  United States Marine Corps
    Devin Mitchell
    Sgt. Darren F. | United States Marine Corps
  • Alencheril Cyriac  |  Military Intelligence  |  United States Army
    Devin Mitchell
    Alencheril Cyriac | Military Intelligence | United States Army
  • Sgt. Joanna Ellenbeck/E-5  |  United States Army
    Sgt. Joanna Ellenbeck/E-5 | United States Army
  • Ryan Miller, A1C, United States Air Force  |  Brittany Miller, SRA, United States Air Force  |  Daughter: Kaelyn Miller
    Devin Mitchell
    Ryan Miller, A1C, United States Air Force | Brittany Miller, SRA, United States Air Force | Daughter: Kaelyn Miller
  • Brad Ivanchan  |  0331 Machine Gunner  |  1st Battalion, 7th Marines  |  Purple Heart  |  Afghanistan Campaign Medal  |  Iraq
    Devin Mitchell
    Brad Ivanchan | 0331 Machine Gunner | 1st Battalion, 7th Marines | Purple Heart | Afghanistan Campaign Medal | Iraq Campaign Medal | United States Marines
  • Sgt. Stephanie Roman  |  United States Marine Corps  |  San Carlos Apache Tribe
    Devin Mitchell
    Sgt. Stephanie Roman | United States Marine Corps | San Carlos Apache Tribe
  • Sgt. Kyle Stewart  |  United States Marine Corps
    Devin Mitchell
    Sgt. Kyle Stewart | United States Marine Corps
CONVERSATIONS