• Mixed Report Card: Economic Performance of BRAC 2005 Closure Communities Is Average

    Mixed Report Card: Economic Performance of BRAC 2005 Closure Communities Is Average0

    Approximately five years after the closure of 23 installations in the 2005 BRAC round, 11 of the 20 affected communities had unemployment rates at or below the national average of 4.9 percent in 2016, according to a recent report by the Government Accountability Office (GAO). Seven communities had unemployment rates a little higher than the

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  • Unemployment Rate for Recent Veterans Reaches Record Low0

    The unemployment rate for post-9/11 veterans fell to 6.7 percent in February, a drop of more than one point from January that left the rate at its lowest level on record, according to the Bureau of Labor Statistics. While the unemployment rate for all workers remained lower, falling to 5.5 percent in February, post-9/11 veterans have made marked progress in finding jobs in recent years. The 2014 annual unemployment rate for recent veterans was 7.2 percent, nearly 2 points lower than the 2013 rate and nearly 5 points lower than the 2011 rate, reported Military Times. Meanwhile, the unemployment rate for all veterans remained below the average for all workers, falling to 5.3 percent in February …

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  • Unemployment Rate for Recent Veterans Improved Last Year0

    The unemployment rate for post-9/11 veterans edged down in 2013, dropping to 9.0 percent from 9.9 percent the year before, according to a report last week from the Bureau of Labor Statistics. Unemployment for all veterans decreased slightly from 7 percent in 2012 to 6.6 percent. The overall unemployment rate in the United States was 7.4 percent in 2013. The youngest veterans, aged 18-24, however, experienced a jobless rate of 21.4 percent. “Those in the youngest group are experiencing unemployment at a higher rate than their nonveteran peers,” Teresa Gerton, deputy assistant secretary for policy for the Labor Department’s Veterans’ Employment and Training Service, told the Star-Herald. “But their labor participation rates are higher. Their attachment to the labor force is stronger. They’re out there trying to get a job,” Gerton said.

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