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Intended Results
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 although economists warn the sample isnt large enough to consider it a long term success yet.
Facts
The unemployment rate for veterans who left the military after 2001 was 12.1%, about 240,000 veterans, including 30% for those ages 18-24 The bill gives employers tax credits of up to $5,600 for hiring veterans who have been unemployed longer than six months. and give a tax credit of up to $9,600 for hiring long-unemployed disabled veterans. The bill is fully paid for through changes in VA mortgage programs and would even reduce federal deficits by $2 billion over the next decade. A retraining program that includes one year of GI Bill benefits to teach a skill that could lead to immediate employment. The bill provides for 45,000 to be trained in 2012 and 55,000 in 2013 and makes military transition programs mandatory for those separating or retiring. Mandates a Department of Labor review of skills service members learn in various sectors of the military and what training or certifications would translate into obtaining employment in the civilian sector
References