Reports send mixed message on veterans employment
Reports send mixed message on veterans employment
By KEVIN FREKING, Associated Press 1 day ago
WASHINGTON (AP) The unemployment rate for military veterans of Iraq and Afghanistan has dipped recently after months of riding higher than the national average, but some analysts caution it's too early to tell if the progress is real or a blip.
The monthly snapshot provided by the federal government's February jobs report showed that the unemployment rate for veterans of the two wars had dropped significantly, to 7.6 percent. That followed a decline in January, and last month's number was also lower than the rate of 8.3 percent for the population as a whole, a significant shift because joblessness among veterans who served in the Gulf had run higher than the general rate in recent years.
"We tend to call a trend a trend and we are starting to see what seems like a trend, but we don't want to overstate it and say the problem is solved," said James Borbely, an economist at the Department of Labor.
Some analysts say there's good reason for the caution. Ted Daywalt, the chief executive officer of a jobs board called VetJobs, said he expected the unemployment rate in early 2012 to drop because fewer guardsmen and reservists were returning from the Gulf.
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