ICYMI: VETERANS UNEMPLOYMENT AT RECORD LOW
Biden Administration Initiatives Are Prioritizing Veterans Employment
In Case You Missed It – The White House released a statement from President Biden yesterday, highlighting the administration’s success in lowering the veteran’s unemployment rate to a record low of 2.4 percent. In 2020, that figure was as high as 6.5 percent.
The record low is a result of the Biden administration’s initiatives to help veterans find good-paying jobs. In addition, the American Rescue Plan made big investments in veterans across the country and the VA system, which are documented in the Invest in America report: “How the American Rescue Plan Invested in Veterans.”
KEY QUOTES FROM THE PRESIDENT:
“My Administration’s approach is working: today, the unemployment rate for veterans is 2.4 percent—tied for the lowest rate on record—and down from an average of 6.5 percent in 2020.”
“Veterans of all backgrounds are finally being cut in on the deal. Unemployment rates for white, Black, Asian, and Hispanic veterans—male and female—fell and were the same or lower than their nonveteran counterparts in 2021. And, the unemployment rate for veterans with a service-connected disability declined to 3.4 percent.”
- “This historic progress is the result of my Administration’s efforts to rebuild America’s economy from the bottom up and the middle out. We are continuing to build on this record with initiatives to bring veterans into critical industries like trucking and ensure they are good-paying, quality jobs.”
About Invest in America
The operation consists of two components: Invest in America, the charitable and public education arm, which is a fiscally sponsored project of Economic Security Project funded by the William and Flora Hewlett Foundation and Economic Security Project co-chair Chris Hughes; and Invest in America Action, the advocacy and social welfare arm, which is a fiscally sponsored project of Economic Security Project Action funded by Chris Hughes and the Omidyar Network.