Veteran Unemployment Still a Concern as 2012 Election Approaches
Millions of veterans are keeping a close watch on how both President Obama and Mitt Romney handle the job concerns of veterans returning to the U.S. workforce. President Obama’s new initiative to credential and license U.S. service members will help many veterans transfer skills obtained in the military to civilian jobs. Veterans seeking employment in industries like engineering, logistics, welding and other high skill positions will benefit most from the initiative, which seeks to boost employment for post 9/11 service members.
In addition, the president’s signing of a bipartisan bill in November of 2011, encouraged companies to hire veterans by doubling tax incentives for hiring disabled veterans and repealing a 2006 law requiring federal, state and local governments to withhold 3% of contractor payments. Romney on the other hand says he will help veterans find good jobs – but no specifics have been given by the Romney campaign as to how he would guarantee such a pledge. Yet a recent Memorial Day Gallup poll shows Romney leading Obama by 58% to 34%.
U.S. Secretary of Labor Hilda L. Solis in a recent statement about the May 2012 employment numbers reflected on the positive results, saying, “Our labor market continues to recover. We continue to add jobs to an economy that was once bleeding 800,000 a month under the previous administration. Over the last 27 months, we have added more than 4 million private sector jobs. And for each of the past five months, we have created an average of 169,000 jobs. Additionally, the number of people who have been unemployed for six months or more has decreased by 800,000 over the last year.”Continued on the next page