Menu
Log in
Log in

Veterans News for Friday , July 6, 2012 ...cont part 4

  • Monday, July 09, 2012 14:21
    Message # 1002768
    Deleted user
    From: Wayne Gatewood, Jr 
    Subject: Veterans News for Fri
    day , July 6, 2012

    40.                 Staffing Firm Launches Veteran Hiring Program. Dayton Business Journal

     

    41.                 VA / VSO-MSO Hearings as July 5, 2012:

                July 25, 2012.  The House Committee on Veterans Affairs and the House Armed Services Committee will hold a joint hearing titled “Back from the Battlefield: DOD and VA Collaboration to Assist Service Members Returning to Civilian Life.”  10:00 AM; 2118 Rayburn HOB

     

                July 18, 2012. HVAC, Disability and Memorial Affairs Subcommittee, will hold a hearing entitled: “Obtaining Benefits for Military Sexual Trauma.”  Time and location TBD.

     

    42.                 Today in History:

    ----------------------------------------------------------

    From Ted Daywalt, Captain, USNR (Ret), President/CEO of VetJobs - Veteran Employment Situation Report for June 2012 Issue 12-07.  Thanks Ted!

    Welcome to the VetJobs Veteran Employment Situation Report covering June 2012. Should you know of others who may want this information, they can sign up for the report by sending an email request to contact@vetjobs.com.    This report will be in three parts. The first will summarize the Bureau of Labor Statistics report on the labor market, the second covers where the jobs were created and the third covers the unemployment situation in the veteran market.

    Unemployment Summary
    Nonfarm payroll employment continued to edge up in June with only 80,000 new jobs. For the economy to start growing and to reduce unemployment, 250,000 new jobs a month need to be created. Today’s DOL numbers confirm the country is still NOT moving in the right direction.

    Employment growth averaged 75,000 per month in the second quarter of the year, short the 175,000 jobs per month needed for economic growth. Slower job growth in the second quarter occurred in most major industries.

    In summary, nonfarm payroll employment continued to edge up marginally in June. The BLS CES national unemployment rate remained unchanged at 8.2%. The BLS CPS report has national unemployment rising from 7.5% in May to 8.0% in June. Again, unemployment is moving in the wrong direction. 

    The weak figures underscore concerns about a weak labor market and were slightly under the forecasts of some economists.

    Where the New Jobs Were Created
    Employment in professional and business services grew by 47,000 in June. Since the most recent low in September 2009, employment in the industry has risen by 1.5 million. Much of the growth occurred in temporary help services, which added 25,000 jobs in June.

    Manufacturing employment continued to edge up in June (+11,000). The National Association of Manufacturers anticipates there will be a shortage of over 500,000 employees over the next ten years due to retirements.

    Healthcare had an increase of 13,000 and the wholesale trade had an increase of 9,000. Employment in other major industries remained stagnant in June.

    From May 2011 to May 2012, the Consumer Price Index for All Urban Consumers (CPI-U) increased by 1.7%.

    The bottom line here is it will continue to be difficult to find jobs in the United States. The economy is not improving at the rate necessary to get the country back to or near full employment.


    VETERAN UNEMPLOYMENT REPORT
    The BLS CPS reports there were 21,193,000 veterans alive in June, down from 21,224,000 in May, a loss of 39,000 veterans in June. There were 10,958,000 veterans in the workforce in June, down from 11,115,000 in May. This is a decrease of 157,000 veterans in the workforce in June. 

    The CPS overall veteran unemployment rate for June is 7.4%, down from the May rate of 7.7%. There were 806,000 unemployed veterans in June, down from the 880,000 unemployed veterans in May. This is a decrease of 76,000 veterans who are unemployed.

    The fact that the veteran overall unemployment rate continues to remain lower than the national unemployment rate indicates that as a class veterans are still having better success finding employment than non-veterans. This has always been true.

    The unemployment rate for the 18 to 24 year old veterans fell in June to 23.3% (52,000 unemployed) from 23.5% in May (53,000 unemployed). This is a decrease of 1,000. A substantial number of the unemployed 18 to 24 year olds are in the National Guard and Reserve which is where the real veteran unemployment problem exists.

    The overall unemployment rate for all 18 to 24 year olds (veterans and nonveterans) went up to 16.3% in June with 3,354,000 unemployed from 15.3% in May when there was a total of 2,940,000 unemployed. This represents an increase of 414,000 more unemployed 18 to 24 year olds on a national level. This is not a good trend and indicates that businesses are not creating the necessary entry level jobs for younger workers.

    The bottom line is the United States is still not recovering from the last recession, in spite of the hundreds of billions of dollars dumped into the economy by the various stimulus packages.

    As many readers know, VetJobs had been actively getting commitments from employers who would have been working the Keystone Pipeline project to hire veterans. VetJobs had anticipated that 8,000 of the original 20,000 starting jobs for Keystone would have been held by veterans. But Keystone was cancelled by the administration. 

    VetJobs has a new customer to make up for the Keystone loss, but the jobs are in Alberta, Canada. There are contract jobs and permanent jobs working on infrastructure and industrial jobs. More importantly the jobs will pay 24% over salaries for the same jobs in the United States! Once approved, there will be pipeline jobs as well. Alberta is short 114,000 workers for the next five years.

    If you want to see the jobs, go to www.vetjobs.com, then to Search Jobs, type the word opportunity in the Company search field and pick the country of Canada. You will get back 16 jobs. The Edmonton Economic Development Corporation says they need hundreds for each job, and in some cases, could hire thousands for the job. 
     

    This is a GREAT opportunity for our veterans, especially members of the National Guard and Reserve! Some of the jobs can be worked on a contract basis (3 to 4 weeks in Canada, one week home). Others offer to pay for relocation to Alberta. Given the strong pay, this may be a great alternative to staying in the US unemployed.

    If you have any questions, please contact Ted Daywalt at tdaywalt@vetjobs.com or call 877-838-5627 (877-Vet-Jobs). 

    VetJobs, P. O. Box 71445, Marietta, GA 30007-1445
    o 877.838.5627 (877-Vet-Jobs)    o 770-993-5117   f 770-993-2875
     VetJobsis a Service Disabled Veteran Owned Small Business

DOD Welcome home-small.jpg A welcoming home for our Troops.

Welcoming home our men and women doesn't end after the crowd disperses, it MUST continue on for the life of the Veteran! They've served us, now we will serve them with programs that work so they reintegrate into society.

We are a national public benefit nonprofit organization that educates American Communities about best practices to serve Veterans.  We honor their service by empowering Veterans to apply their training and skills to successfully transition to productive careers and enterprises.

We provide free vocational training 24/7 to all of our members through our website, in addition to local events.  We believe the tenet that American Communities are the ultimate beneficiaries when Veterans claim their benefits and invest in productive endeavors.

The SWVBRC enlists the support of members of local Communities like you to increase Veteran awareness of the value of obtaining a VA card and receiving earned benefits.

Sponsorships, donations, volunteers and support from communities like yours enable us to reach out to Veterans and empower them to transition back into successful, productive enterprises that ultimately benefit all Americans and support future generations.

The Internal Revenue Service has determined that Southwest Veterans' Business Resource Center, Inc. is an organization exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. A donation to SWVBRC, Inc. is deductible to the extent permitted under law.

© 2008 - 2022 Southwest Veterans' Business Resource Center, Inc.

 Privacy Policy

In accordance with Title 17 U.S.C. Section 107, any copyrighted work is posted under fair use without profit or payment as criticism, comment, news reporting, teaching, scholarship, and/or research.

Contact Us
Designed by The ARRC® & Powered by Wild Apricot.

Powered by Wild Apricot Membership Software