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12/9/13 | Next Steps for Vets Blog

Veteran Unemployment Situation Improves Slightly in November

By Katerina Athanasiou

Syracuse University’s Institute for Veterans and Military Families (IVMF) has released its Employment Situation of Veterans in America report for November 2013.

The month’s statistics of note include:

  • The overall employment situation for all veterans improved slightly – decreasing from 6.9% in October 2013 to 6.7% in November 2013.
  • For Post-9/11 vets, the unemployment rate remained essentially the same, decreasing slightly from 10% in October to 9.9% in November.
  • Veterans ages 20-24 are experiencing unemployment at a rate of 15.2%, which is 4.6% higher than their non-veteran peers.

In addition, the following initiatives were proposed in the month of November:

  • Tax Breaks for Employers Who Hire Post-911 Veterans: The New York State Division of Veterans’ Affairs is promoting a new tax credit to incentivize employers to hire New York’s post-911 vets.
    • The state allocated $74 million to provide tax breaks that can be applied to any private business that hires a post-9/11 vet between January 1, 2014 and January, 1, 2017 to a full-time position of at least 35 hours per week for at least a year.
  • Push for In-State Tuition for All Vets: NJ Senator Donald Norcross is introducing legislation that would require all state colleges and universities to provide in-state tuition rates for any veteran, even if they live outside of New Jersey. He called it “a courtesy to those who have fought on behalf of our state, no matter where they live.” Currently, the Post-9/11 G.I. Bill allows the federal government to cover full tuition for honorably discharged vets who have served at least 36 months since September 11, 2001, but it only pays in-state tuition rates.