Student loan forgiveness programs

Student loan forgiveness programs

Student loan forgiveness programs seem too good to be true. How do you qualify?
BY ROBERT FARRINGTON, FORBES – 07/09/2015

Student loan forgiveness programs are the Holy Grail for student loan borrowers. Everyone wants free money to pay off their loans, but these programs can be hard to find. Yes, there are some programs being offered by the Department of Education, but what many borrowers don’t realize is that there are a lot of specialty student loan forgiveness programs available.

It’s estimated that over 50% of student loan borrowers qualify for some type of student loan forgiveness. While not all programs may pay off the full loan balance, any amount helps. Here are ways to locate student loan forgiveness programs.

Federal Student Loan Forgiveness Programs

The Department of Education maintains several different student loan forgiveness programs. The most popular one is the Public Service Loan Forgiveness Program, which offers student loan forgiveness to individuals that serve the public for at least 10 years. However, there are other popular student loan forgiveness programs that borrowers may be able to qualify for as well.

Along with the stand-alone programs, the Department of Education also combines student loan forgiveness into several student loan repayment plans. These “secret” student loan forgiveness programs offer student loan forgiveness at the end of the repayment term, for any remaining balance on the loan. For example, the Pay As You Earn (PAYE) Plan offers loan forgiveness at the end of 20 years of payments. Income based repayment offers loan forgiveness after 25 years for existing borrowers and 20 years for new borrowers.

State Student Loan Forgiveness Programs

Beyond the Federal student loan forgiveness programs, almost every state in the United States offers various student loan forgiveness programs. There are currently over 120 different student loan forgiveness programs in 45 of the 50 states, and in the District of Columbia. These student loan forgiveness programs cover a variety of borrowers, but focus mainly on specialty professions – such a healthcare fields, legal services, and more.

Some states, like Kansas, have very few restrictions – including one program where you simply must live in a designated county and you can receive loan forgiveness regardless of your career choice.
However, it can be tough to locate all of the different state-sponsored student loan forgiveness programs. Luckily, there is a great resource to connect borrowers with student loan forgiveness programs. The free tool is: Student Loan Forgiveness Programs by State. Simply go to the tool and click on your state, and you can see all of the student loan forgiveness programs that your state offers.

School-Based Student Loan Forgiveness Programs

Many colleges and universities have started offering student loan forgiveness programs as well. These programs are typically designed to help alumni while also fulfilling a public good.

For example, Columbia Law School offers a generous student loan forgiveness program where the university will gradually repay the student loan debt of graduates who remain in the public service for at least three years. Harvard offers a similar program for medical students who completed their residency and are pursuing a career in public service health care.

Most schools don’t typically advertise these programs, and the amount of funds they have are usually limited. For students interested in these programs, contact your alumni office or your financial aid office. The programs are typically handled out of one of these offices, based on where the funds are coming from.

Other Options

Finally, some counties also offer smaller student loan forgiveness programs tailored to the specific needs of the community. These programs are designed to bring college graduates or professionals with certain skills into the community. When moving into an area, especially a rural area with a need of a special skill set (such as dentistry or nursing), check with your local county offices and see if they offer any student loan forgiveness or incentive programs.

Sometimes these programs fall under a different name as well. Make sure you are checking for student loan forgiveness, student loan assistance, and student loan repayment programs. All of these variations are essentially free money to help you pay down your student loan debt.

Source: https://www.fidelity.com/mymoney/student-loan-forgiveness-programs

Veteran Employment Situation Report – October 2016

Veteran Employment Situation Report
Issue 16-11
Friday, November 7, 2016
www.vetjobs.com

Welcome to the October 2016 VetJobs Veteran Employment Situation Report (VESR) covering veteran unemployment for SEPTEMBER 2016. The VESR is published on the Friday of the month when the Department of Labor (DOL) releases the unemployment reports which is generally the first Friday of the month.

This report is in four parts.

1. The first section will be an editorial providing a brief overview of the economy.

2. The second section covers specifically the employment situation of veterans.

3. The third section covers current labor metrics and the Department of Labor’s (DOL) Bureau of Labor Statistics (BLS) report on the labor market.

4. The fourth section covers where the new jobs were created and where one would currently have the best chance for finding employment.

* * * * * * * * * * * * * *
EMPLOYMENT SUMMARY

1. EDITORIAL OVERVIEW

The staff of VetJobs asks that you please keep those being affected by hurricane Matthew in your prayers. Contribute to a charity of your choice as the need for help once Matthew clears out will be substantial.

* * * * * * * * * * * * * *
Today’s Department of Labor (DOL) unemployment report is the last one before the election. The report will be cited by both parties as they try to hype their positions. The unemployment numbers that were released today reflects a weak economy – the numbers were not a favorable report.

The overall national unemployment rate rose marginally from 4.9% to 5.0%. The national veteran unemployment rate remained constant at 4.3%, 0.7% lower than the national unemployment rate. This again confirms that veterans are getting jobs at a better rate than non-veterans.

New job creation in America is stagnant for a whole host of reasons such as over regulation, high taxes, shortages of qualified labor, etc. Given the size of the American economy, the United States needs to be creating 200,000 to 250,000 new jobs a month. September saw only 156,000 new jobs created. Nonfarm job growth for 2016 has averaged 178,000 per month, compared with an average gain of 229,000 per month in 2015, again reflecting a declining economy. On average we are creating 51,000 less jobs per month in 2016 than in 2015. Not a good situation for those in the job market.

As an observer of labor trends, to me the real indicator of what is happening is the Labor Force Participation Rate (LFPR) which rose 0.1% from 62.8% in August to 62.9% in September. The LFPR is a reflection of those that could be working but are not.

A country cannot have a thriving economy when 37.1% of its workforce is not working. Someone has to pay for the individuals to eat, provide medical care and housing, none of which is free. The reality is nothing in life is free. Somebody, somewhere, eventually has to pay the bill!

The stock markets all reacted negatively on today’s report and opened down on the news that manufacturing, mining, education and other major sectors lost jobs. It will be fun to see how the political candidates try to spin today’s labor report. And see how many candidates stay close to the truth!

* * * * * * * * * * * * * *
America is definitely in the political season! This year’s presidential race is probably the most tumultuous since the 1820s. No matter whether you are on the left or the right, trying to find accurate facts about the economy during this time frame can sometimes be hard due to the politicization of almost everything. So let us take a look at the economy, both world and the United States, from a 30,000 foot view. From today’s labor report, things are not as rosy as some politicians are claiming. And driving a lot of America’s problem is debt.

The International Monetary Fund (IMF) warns that global debt has hit a record high of $152 trillion, weighing down economic growth and adding to risks that recovery could turn into stagnation or even recession. In a worst-case scenario the IMF also fears that a wave of populist politics across the US and Europe could send globalization into reverse with protectionist policies hitting international trade, investment and migration, sending the world plunging into a prolonged period of stagnation. The warning came after the IMF cut its growth forecasts for a series of countries around the world, leaving Britain the fastest growing economy in the G7.

The IMF downgraded its forecast for the United States economy estimating growth in 2016 at 1.6%, down from the 2.2% it predicted back in July and down from the 2.6% growth in 2015. Contrary to many politicians, the American economy is contracting.

“At 225% of world GDP, the global debt …is currently at an all-time high. Two-thirds, amounting to about $100 trillion, consists of liabilities of the private sector which can carry great risks when they reach excessive levels,” the IMF said in its fiscal monitor. “The sheer size of debt could set the stage for an unprecedented private deleveraging process that could thwart the fragile economic recovery.”

This debt burden is mounting at a time when slow growth means inflation and interest rates will remain low, making it hard for companies, individuals and governments to earn their way out of debt. The IMG says a combination of low growth, high debt and weak banks could push the world in a dangerous financial and political direction.

I mention the above IMF report because the United States, as the world’s leading economy, has the same debt problem. Our current debt is 20 trillion and growing daily. It is an old axiom of business and banking that you cannot borrow your way out of debt. The more debt a country has, the weaker it becomes. America and the rest of the world is hooked on debt.

Complicating the economic picture in the United States is the number of announced layoffs by U.S.-based companies rose in September to the highest level in two months. This is from global outplacement consultancy Challenger, Gray & Christmas. Employers announced plans to cut 44,324 jobs last month, a 38% increase from August, when total job cuts of 32,2188 fell to lowest total since May. The good news on layoffs is that despite the monthly rise, September’s total was 25% below the announced job cuts a year ago.

The biggest job cutter last month was the education sector, rising by 363% to 8,671. Cuts in the computer industry in September totaled 4,152 jobs. The sector’s year-to-date layoffs were second only to the energy sector, which announced 98,733 cuts for the nine-month period. The report comes a day after ADP and Moody’s Analytics reported that companies in September created jobs at the slowest pace in six months. Again indicating that the American economy is still not recovered.

As I have mentioned before, employers are complaining that they cannot find enough “qualified” candidates to fill their jobs. What should be obvious to our politicians is that the skill sets required for jobs in the economy has changed but the skill sets of the labor force have not. As a result, America has a lot of people available to work, but not enough qualified people for the jobs available.

That is a systemic problem in our education system. Let’s hope our politicians wake up to the issue and start putting resources into channels that will qualify our workforce for available jobs.

Thank you for reading.

Ted Daywalt
President

* * * * * * * * * * * * *
2. VETERAN UNEMPLOYMENT REPORT

General Summary from CPS Veterans Report

The BLS CPS report states there were 20,832,000 veterans left in the United States in August, down 25,000 from the 20,857,000 veterans in August. As I have said many times, since the Vietnam War the trend of veterans in the United States has continuously been decreasing. America has lost two-thirds of its veterans since the Vietnam War. This is an important issue for veterans as with decreasing numbers, they are losing the political power they had in the past. This is not lost on politicians running for office and may help explain problems at the Veterans Administration.

BLS CPS reports there were 10,622,000 (51.1%) veterans in the workforce in September. That represents an increase of 130,000 from the 10,522,000 (50.4%) veterans in the workforce in August.

461,000 (4.3%) veterans were unemployed in September, up 8,000 from the 453,000 (4.3%) veterans who were unemployed in August. 10,180,000 veterans were not in the workforce in September, a decrease from the 10,335,000 who were not in the workforce in August. This number shows there are a lot of veterans sitting on the sidelines and not participating in the workforce. This is also true of civilians where over 90 million are not participating in the workforce. In spite of what politicians may say, you cannot have a thriving economy with so many people not participating in the workforce.

The really good news continues to be that the overall veteran unemployment rate is still lower than the national unemployment rate. The fact that the veteran unemployment rate of 4.3% is lower than the national unemployment rate of 5.0% is great news for the veteran community. And again demonstrates that veterans are in high demand in the civilian work place. The September 4.3% veteran unemployment rate again confirms that veterans are obtaining employment at a better rate than nonveterans.

Younger Veterans

In September there were 215,000 veterans in the 18 to 24-year old cohort, down from 225,000 in August. Of those, 158,000 (73.6%) were in the civilian labor force, of which 146,000 (67.9%) were employed and 12,000 (7.7%) were unemployed. For comparison, the national 18 to 24-year old unemployment rate in September was 8.1% (1,222,000).

There were 1,749,000 veterans in the 25 to 34-year old veteran cohort in September, up 1,000 from August. Of this group, 1,381,000 (79.0%) were in the workforce of which 1,306,000 (74.7%) were employed and 75,000 (5.4%) were unemployed, a sharp decrease from the August rate of 6.6% (94,000). 368,000 were not in the workforce. For comparison, the national unemployment rate for the 25 to 34 year olds in August was 5.0% (1,786,000)

Older Veterans

The unemployment rates for the older veteran cohorts are as follows:

September                          August                           July
35 to 44 year olds    2.7% (54,000)           4.2% (83,000)             5.6% (110,000)
45 to 54 year olds    4.3% (120,0000       4.0% (113,000)           3.1% (85,000)
55 to 64 year olds    4.7% (114,000)          3.6% (83,000)            4.7% (111,000)
65 year olds and over 4.5% (85,000)      3.7% (71,000)             4.0% (76,000)

The above numbers indicate that older veterans in August and for the last three months found jobs at a better rate than non-veterans given that the national unemployment rate was 4.9% and is 5.0% for September. Most economists view unemployment rates of below 4.5% to 5.0% as just the normal churn of people moving between jobs. Some refer to it as natural unemployment. No matter what one calls it, the overall numbers for veteran unemployment are very strong when compared to their civilian counterparts.

It is heartening to see that the 35 to 44 year old veteran unemployment rate has consistently fallen the last three months. This is the age group when many leave active duty following a 20 year career and seek civilian employment. These statistics would mitigate they are finding work.

Women Veterans

There were 2,017,000 women veterans in September. 1,283,000 (63.6%) were in the civilian labor force of which 1,233,000 (61.1%) were employed, and 50,000 (3.9%) were unemployed, down 37,000 from the August women veterans unemployed of 87,000 (7.0%). 734,000 women veterans were not in the workforce in September. The national unemployment rate for women in September was 4.7% (3,456,000). These numbers confirm that women veterans are definitely getting jobs at a better rate than their civilian counterparts during September!

Gulf War II Veterans

There were 3,935,000 Gulf War II era veterans in September. 3,170,000 (80.5%) were in the workforce. Of those, 3,030,000 (77.0%) were employed and 139,000 (4.4%) were unemployed, down from the 147,000 (4.7%) in August. 766,000 Gulf War II era veterans were not in the labor force.

Black Veterans

There were 2,520,000 black veterans in September, of which 1,530,000 (60.7%) were in the civilian work force. 1,422,000 (56.4%) were employed and 108,000 (7.0%) were unemployed. The national Black unemployment rate in September was 8.0% (1,575,000).

As in the past, the national Black unemployment rate is higher than the Black veteran unemployment rate. These numbers confirm the advantages of minorities joining the military to obtain employment skills and work experience. From these numbers, the Black veterans are definitely finding jobs at a better rate than their Black civilian counterparts!

Asian Veterans

There were 316,000 Asian veterans in September of which 212,000 (67.2%) were in the workforce. 211,000 (67.2%) were employed and the number of unemployed was not statistically reportable. This is a statistical anomaly, but it does occasionally occur. Basically the Asian veteran unemployment rate is near zero percent. 103,000 were not in the labor force. The national Asian unemployment rate in September was 3.7% (356,000).

Hispanic Veterans

There were 1,504,000 Hispanic veterans in September of which 920,000 (61.2%) were in the workforce. 857,000 (57.0%) were employed and 63,000 (6.9%) were unemployed. 584,000 were not in the workforce. The national unemployment rate for Hispanics in September was 5.9% (1,572,000).

White Veterans

There were 17,406,000 White veterans in September of which 8,548,000 (49.1%) were in the workforce. 8,223,000 (467.2%) were employed and 324,000 (3.8%) were unemployed. 859,000 White veterans were not in the workforce. The national White unemployment rate in September was 4.0% (4,962,000).

* * * * * * * * * * * * *
3. From the BLS

Erica L. Groshen, Commissioner of the Bureau of Labor Statistics reported this morning that Nonfarm payroll employment increased by 156,000 in September, and the unemployment rate was little changed at 5.0%. Job gains occurred in professional and business services and in health care. Thus far this year, nonfarm job growth has averaged 178,000 per month, compared with an average gain of 229,000 per month in 2015. Incorporating revisions for July and August, which reduced nonfarm payroll employment by 7,000 on net, monthly job gains have averaged 192,000 over the past 3 months.

Average hourly earnings of all employees on private nonfarm payrolls increased by 6 cents in September to $25.79. Over the past 12 months, average hourly earnings have risen by 2.6%. From August 2015 to August 2016, the Consumer Price Index for All Urban Consumers (CPI-U) increased by 1.1% (on a seasonally adjusted basis).

Turning to data from the survey of households, most major labor market measures continued to show little or no change in September. The unemployment rate, at 5.0%, and the number of unemployed people, at 7.9 million, were essentially unchanged over the month and have shown little net movement since August 2015.

Among the unemployed in September, 2.0 million, or 24.9%, had been searching for work for 27 weeks or more. The labor force participation rate, at 62.9%, and the employment-population ratio, at 59.8%, changed little over the month. Both measures have shown little movement in recent months, but were up by 0.5% point over the year.

Among the employed, 5.9 million worked part time for economic reasons in September, little different from August. (These involuntary part-time workers would prefer to work full time, but had their hours cut back or were unable to find full-time jobs.)

Among people who were neither working nor looking for work in September, 1.8 million were marginally attached to the labor force, about the same as a year earlier. Discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, numbered 553,000 in September, also about the same as a year earlier. (Marginally attached to the labor force refers to those who had not looked for work in the 4 weeks prior to the survey but wanted a job, were available for work, and had looked for a job within the last 12 months.)

* * * * * * * * * * * * *
4. WHERE THE NEW JOBS WERE CREATED

For those people looking for work, the following paragraphs from the BLS commissioner’s report indicates where the new jobs were created. If you are looking for a job, these areas may offer employment opportunities.

Professional and business services employment rose by 67,000 in September and by 582,000 over the year. Within the industry, employment in management and technical consulting services increased by 16,000 over the month, and employment continued to trend up in administrative and support services
(+35,000).

Health care added 33,000 jobs in September, with gains in ambulatory health care services (+24,000) and hospitals (+7,000). Over the past 12 months, health care employment has grown by 445,000.

Employment continued to trend up in food services and drinking places (+30,000) in September. Over the year, this industry has added 300,000 jobs.

Employment also continued to trend up over the month in retail trade (+22,000) and was up by 317,000 over the year.

Mining employment was flat in September; the rate of job loss in the industry had been moderating in recent months.

Employment in other major industries, including construction, manufacturing, wholesale trade, transportation and warehousing, information, financial activities, and government, changed little over the month.

* * * * * * * * * * * * * *
Thank you for reading the VetJobs Veteran Employment Situation Report (VESR). If you have any questions, please contact Ted Daywalt at info@vetjobs.com or call 877-838-5627 (877-Vet-Jobs).
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. If you want to be removed, use the same email.

Ted Daywalt
President

VetJobs
P. O. Box 71445
Marietta, GA 30007-1445
770-993-5117 (o)
877-838-5627 (o) (877-VetJobs)
770-993-2875 (f)
678-777-8262 (c)

www.linkedin.com/in/teddaywalt

Freedom Is Never Free – Support Our Armed Forces and Veterans!

VetJobs is an appropriate employment service delivery system for EEOC, VEVRAA/JVA and OFCCP compliance support!

-Recipient of WEDDLE’s User’s Choice Award
-Recipient of AIRS Top Recruiting Site
-Recipient of Workforce Management Top 10 Recruiting Sites
-2015 ReSI award for Innovator of the Year/Business Thought Leader

VetJobs is a Service Disabled Veteran Owned Small Business

VetJobs is sponsored and partly owned by the Veterans of Foreign Wars, and endorsed by Vietnam Veterans of America, Association of the US Navy, Veterans of Modern Warfare, Student Veterans of America, Hope4Heroes, Military Order of the Purple Heart, United States Army Warrant Officers Association, The Retired Enlisted Association, National Guard Association of the United States, The Reserve Officers Association and the Enlisted Association of the National Guard of the United States.

This is how the Old Glory Relay brings veterans and their communities together

Team Red, White & Blue’s mission is to enrich the lives of America’s veterans by connecting them to their community through physical and social activity. This effort is focused on bridging the civilian-military divide through a shared interest in physical activity like running, hiking, CrossFit workouts, and yoga classes, along with participating in social and service-oriented events. Spread across 199 chapters all over the world, the 110,000-member veteran’s group established in 2010 is geared toward creating a place for former servicemembers to meet and do a little PT — and invite their friends and family along to join them. But while having lots of members and a host of chapters across the country is a great thing for a young veteran service organization, there’s a challenge in keeping it all connected. That’s why Executive Director Blayne Smith and his colleagues decided to link up with Team Red, White & Blue’s various members with a little run among friends.

And what if this little run wasn’t so little? What if it spread across the entire country?

“We really wanted this to be a unifying event for the organization and to demonstrate the power and the inspiration that comes with a community of veterans working on an epic undertaking together,” Smith said. “We figured if we could run a single American flag averaging 60 miles a day … that would be a demonstration of the good that we could do together if we all worked together formed as a team and committed to a big goal.”

So in 2014, on a shoestring budget and with just a couple company reps doing most of the logistical legwork, the Old Glory Relay was born. Now spanning 4,216 miles and involving upwards of 1,300 runners and cyclists, the 2016 Old Glory Relay will see an American flag passed between participants — including veterans and their supporters — down the West Coast, across the desert Southwest, through the Deep South, and ending in Tampa, Florida, after 62 days culminating in a Ruck March on Veterans Day.

“For this year we decided to go even bigger. It’s a bit more ambitious, it’s a longer route but more members and more chapters will get to participate,” Smith said. “There’s something really powerful about running a few miles carrying an American flag. It’s really invigorating to run with it and hand it off to the next person knowing you’ve done your part to get it across the country.”

With the support of the presenting sponsor, Microsoft, along with other partners, Amazon, Westfield and Starbucks, the race began at the Space Needle in Seattle on Sept. 11. The relay will be following a route through Portland, San Francisco, and Los Angeles through the end of the month. The relay then turns east, through Phoenix, Tucson and San Antonio before crossing the South through the Florida Panhandle to Tampa.

Team Red, White & Blue has done a ton of legwork to prepare for the relay, mobilizing local chapters to help carry the flag and get their communities energized to cheer runners along. Smith said school kids, local police and fire stations and residents along the way all turn out to motivate the runners and keep the relay going. And while the event is geared toward unifying the chapters and its members in a good cause, it’s the spirit of shared sacrifice and appreciation for the men in women who served in uniform that really makes the Old Glory Relay special.

“This is what happens when you slow people down enough to move on foot through a town with an American flag and see what happens. All those human connections start to happen,” Smith said.

“America is a beautiful place. But the most beautiful terrain in America is the human terrain, and you don’t see it if you don’t slow down. And that’s what this is all about.”

You can support Team Red, White & Blue and the Old Glory Relay by following the http://bit.ly/ogrsite, sharing your own photos and videos with the hashtag #OldGloryRelay, and by tracking Old Glory via the “http://bit.ly/ogrlivepage” webpage for up-to-the-minute information on the runners’ and cyclists’ status.

Text OGR to 41444 to learn more and donate!

Veteran Employment Situation Report – August 2016

Veteran Employment Situation Report
Issue 16-08
Friday, August 5, 2016
www.vetjobs.com

Welcome to the August 2016 VetJobs Veteran Employment Situation Report (VESR) covering veteran unemployment for JULY 2016. The VESR is published on the Friday of the month when the Department of Labor (DOL) releases the unemployment reports.

This report is in three parts.

-The first section will be an editorial providing a brief overview of the economy and the Department of Labor’s (DOL) Bureau of Labor Statistics (BLS) report on the labor market.

-The second covers where the jobs were created and where one would currently have the best chance for finding employment.

-The third covers specifically the employment situation of veterans.

* * * * * * * * * * * * * *
EMPLOYMENT SUMMARY

Editorial Overview

There was good news for the US economy today as the Bureau of Labor Services reports that July saw the creation of 255,000 jobs and the national unemployment rate remained at 4.9%! That is great news as due to the size of the American economy, at least 250,000 new jobs a month need to be created to have real growth. In a political season, job growth is a good thing to have for all the political candidates.

If you take the last three months of job growth, the economy has averaged 190,000 new jobs per month which is short of real growth; not where the country needs to be in terms of job creation. In the 12 months prior to July, employment growth averaged 206,000 per month. This would help explain why many feel the country is not moving in the right direction. People want jobs.

Employers want candidates to fill their jobs. But employers are frustrated that way too many candidates do not have the skills required by companies. Which is why there are over 200,000 vacancies in manufacturing in the United States. The jobs are there, but candidates with the skills are not available.

Disappointingly, the Bureau of Economic Analysis reported gross domestic product (GDP) increased at an annualized rate of 1.2% in the second quarter, the worst quarterly growth since 1949.

A bright spot in the economy last quarter is in the final sales of domestic product. That increased 2.4%, double the rate of overall GDP, and would normally indicate a deeper use of inventory. That would normally hint at future growth, but this same measure has been running ahead of overall GDP for several quarters in a row, and so far, it has not to heralded any new burst of expansion.

The economy has grown at less than a 2% pace for three straight quarters. Since the recession ended seven years ago, the expansion has failed to achieve the breakout growth seen in past recoveries. The average annual growth rate during the current business cycle remains the weakest of any expansion since at least 1949.

The July report is good news. But one month does not a trend make. Let’s hope that August and September continue what could be a turnaround in July!

We get a lot of calls at VetJobs from people seeking work and sometimes their problem finding work becomes very apparent in the conversation. When speaking about finding a job I like to remind candidates that employers hire based on the following attributes: skillsets, experience, education, cultural fit, attitude, trainability, certifications and location. One of the most important of these attributes is attitude. Irrespective of one’s skills or experience, if you have a bad attitude, an employer will not want to hire you. Take this advice to heart.

More good news is that the national veteran unemployment rate for July was 4.7%, again less than the national unemployment rate of 4.9%. This again confirms that veterans are getting jobs at a better rate than non-veterans!

Finally, the Enlisted Association of the National Guard of the United States (EANGUS at www.eangus.org) has endorsed VetJobs! EANGUS is the largest of the National Guard associations and has a wealth of veterans who have proven civilian experience.

EANGUS was formally organized in 1972 with the goal of increasing the voice of enlisted persons in the National Guard. EANGUS is a non-profit organization dedicated to the principles of providing an adequate national defense and promoting the status, welfare, and professionalism of the men and women of the Army and Air National Guard by supporting legislation that provides adequate staffing, pay, benefits, entitlements, equipment, and installations for the National Guard.

EANGUS represents all 50 states, Guam, Puerto Rico, the US Virgin Islands, and the District of Columbia, and has an association comprised of those who serve the National Guard on national tour. With a constituency base of over 414,000 Soldiers and Airmen, their families, as well as thousands of retired members, and headquartered in Alexandria, VA, a stone’s throw from Washington DC, EANGUS maintains a full-time staff to represent interests of the enlisted National Guard to the Pentagon and on Capitol Hill.

VetJobs is proud to have EANGUS join the other veteran service organizations that endorse VFW sponsored VetJobs as the premier military job board. This is confirmation once again that VetJobs is the leader in this space!

Thank you for reading.

Ted Daywalt
President

* * * * * * * * * * * * *
From the BLS

Erica L. Groshen, Commissioner of the Bureau of Labor Statistics reported this morning that nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9%. Job gains occurred in professional and business services, health care, and financial activities. Employment in mining continued to trend down.

As an editorial note, the continued downward trend in mining is not good. Mining and petroleum services are deep forward leading indicators of the future performance of the economy. With mining continuing downward, it raises questions about future economic performance.

Incorporating revisions for May and June, which increased nonfarm payroll employment by 18,000, monthly job gains have averaged 190,000 over the past 3 months. In the 12 months prior to July, employment growth averaged 206,000 per month.

Average hourly earnings of all employees on private nonfarm payrolls increased by 8 cents in July to $25.69. Over the past 12 months, average hourly earnings have risen by 2.6%. From June 2015 to June 2016, the Consumer Price Index for All Urban Consumers (CPI-U) increased by 1.1% (on a
seasonally adjusted basis).

Most major labor market measures from the survey of households showed little or no movement in July. The unemployment rate held at 4.9%, and the number of
unemployed people, at 7.8 million, was essentially unchanged over the month. Both measures have shown little movement on net since August.

Among the unemployed in July, 2.0 million, or 27% of the total, were long-term unemployed–that is, they had been looking for work for 27 weeks or more. Long-term unemployment has shown little movement on net over the past 13 months.

The labor force participation rate was 62.8% in July, lowest rate since the 1970s, and the employment-population ratio was 59.7%. Both measures have shown little change in recent months.

Among those employed in July, 5.9 million were working part time for economic reasons, little changed from the prior month. (These individuals, also referred to as involuntary part-time workers, would have preferred full-time employment but were working part time because their hours had been cut back or because they were unable to find full-time work.)

Among people who were neither working nor looking for work in July, 2.0 million were marginally attached to the labor force, about the same as a year earlier. Discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, numbered 591,000 in July, also about the same as a year earlier. (Marginally attached to the labor force refers to those who had not looked for work in the 4 weeks prior to the survey, but wanted a job, were available for work, and had looked for a job within the last 12 months.)

In summary, nonfarm payroll employment rose by 255,000 in July, and the unemployment rate was unchanged at 4.9%.

* * * * * * * * * * * * *
WHERE THE NEW JOBS WERE CREATED

For those people looking for work, the following paragraphs from the BLS commissioner’s report indicates where the new jobs were created. If you are looking for a job, these areas may offer employment opportunities.

Employment in professional and business services rose by 70,000 in July, and has risen by 550,000 over the year. Within the industry, job gains occurred over the month in computer systems design and related services (+8,000) and architectural and engineering services (+7,000). Employment also continued to trend up in management and technical consulting services (+6,000).

Health care added 43,000 jobs in July, with gains in ambulatory health care services (+19,000), hospitals (+17,000), and nursing and residential care facilities (+7,000). Over the past 12 months, health care employment has grown by 477,000.

Employment in financial activities rose by 18,000 in July. Over the year, this industry has added 162,000 jobs.

Leisure and hospitality employment continued to trend up in July (+45,000). Within the industry, employment in food services and drinking places changed little (+21,000). Thus far this year, food services has added an average of 18,000 jobs per month, compared with an average of 30,000 per month in 2015.

Employment in government edged up in July (+38,000).

Mining employment continued to trend down in July (-6,000), and has declined by 220,000 since its recent peak in September 2014. Three-fourths of the job losses since the peak have been in support activities for mining.

* * * * * * * * * * * * * *
VETERAN UNEMPLOYMENT REPORT

General Summary from CPS Veterans Report

The BLS CPS report states there were 20,883,000 veterans left in the United States in July, down 24,000 from the 20,907,000 veterans in June. As I have said many times, since the Vietnam War the trend of veterans in the United States has continuously been decreasing. America has lost two-thirds of its veterans since the Vietnam War.

BLS CPS reports there were 10,621,000 (50.9%) veterans in the workforce in July. That represents an increase of 113,000 from the 10,508,000 veterans in the workforce in June.

449,000 (4.7%) veterans were unemployed in July, up 7,000 from the 442,000 (4.2%) veterans who were unemployed in June. 10,262,000 veterans were not in the workforce in July. This number shows there are a lot of veterans sitting on the sidelines and not participating in the workforce. This is also true of civilians where over 90 million are not participating in the workforce. In spite of what politicians may say, you cannot have a thriving economy with so many people not participating in the workforce.

The really good news is the overall veteran unemployment rate continues to be lower than the national unemployment rate. The fact that the veteran unemployment rate of 4.7% is lower than the national unemployment rate of 4.9% is great news for the veteran community. And again demonstrates that veterans are in high demand in the civilian work place. The July 4.7% veteran unemployment rate while having risen again confirms that veterans are obtaining employment at a better rate than nonveterans.

Younger Veterans

In July there were 234,000 veterans in the 18 to 24-year old cohort, down from 251,000 in June. Of those, 170,000 (72.8%) were in the civilian labor force, of which 160,000 (68.7%) were employed and 10,000 (5.7%) were unemployed. For comparison, the national 18 to 24-year old unemployment rate in July was 10.6% (2,160,000).

There were 1,743,000 veterans in the 25 to 34-year old veteran cohort in July, up 12,000 from June. Of this group, 1,461,000 (83.8%) were in the workforce of which 1,353,000 (77.6%) were employed and 108,000 (7.4%) were unemployed. 283,000 were not in the workforce. For comparison, the national unemployment rate for the 25 to 34 year olds in July was 5.2% (1,838,000)

Older Veterans

The unemployment rates for the older veteran cohorts are as follows:

July June
35 to 44 year olds 5.6% (110,000) 4.1% (80,000)
45 to 54 year olds 3.1% (85,000) 3.0% (81,000)
55 to 64 year olds 4.7% (111,000) 4.0% (91,000)
65 year olds and over 4.0% (76,000) 4.5% (88,000)

The above numbers indicate that older veterans in July found jobs at a better rate than non-veterans given that the national unemployment rate is 4.9%. Most economists view unemployment rates of below 4.5% to 5.0% as just the normal churn of people moving between jobs. Some refer to it as natural unemployment. No matter what one calls it, the overall numbers for veteran unemployment are very strong when compared to their civilian counterparts!

Women Veterans

There were 2,015,000 women veterans in July. 1,213,000 (60.2%) were in the civilian labor force of which 1,129,000 (56.0%) were employed, and 84,000 (6.9%) were unemployed. This is an increase of 1.9% unemployed from the previous month. 802,000 women veterans were not in the workforce in July The national unemployment rate for women in July was 5.0% (3,686,000).

Gulf War II Veterans

There were 3,892,000 Gulf War II era veterans in July. 3,207,000 (82.4%) were in the workforce. Of those, 3,019,000 (77.6%) were employed and 188,000 (5.9%) were unemployed. 685,000 Gulf War II era veterans were not in the labor force.

Black Veterans

There were 2,400,000 black veterans in July, of which 1,343,000 (55.9%) were in the civilian work force. 1,239,000 (51.6%) were employed and 104,000 (7.7%) were unemployed. The national Black unemployment rate in July was 8.6% (1,666,000). The national Black unemployment rate is higher than the Black veteran unemployment rate. These numbers again confirm the advantages of minorities joining the military to obtain employment skills and work experience. From these numbers, the Black veterans are definitely finding jobs at a better rate than their Black civilian counterparts!

Asian Veterans

There were 315,000 Asian veterans in July of which 204,000 (64.7%) were in the workforce. 197,000 (62.5) were employed and 7,000 (3.4%) were unemployed. 111,000 were not in the labor force. The national Asian unemployment rate in July was 3.9% (378,000).

Hispanic Veterans

There were 1,468,000 Hispanic veterans in July of which 893,000 (60.8%) were in the workforce. 826,000 (56.3%) were employed and 66,000 (7.4%) were unemployed. 576,000 were not in the workforce. The national unemployment rate for Hispanics in July was 5.4% (1,426,000).

White Veterans

There were 17,554,000 White veterans in July of which 8,694,000 (49.5%) were in the workforce. 8,331,000 (47.5%) were employed and 362,000 (4.2%) were unemployed. 8,860,000 White veterans were not in the workforce. The national White unemployment rate in July was 4.3% (5,349,000).

* * * * * * * * * * * * * *
Thank you for reading the VetJobs Veteran Employment Situation Report (VESR). If you have any questions, please contact Ted Daywalt at info@vetjobs.com or call 877-838-5627 (877-Vet-Jobs).
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. If you want to be removed, use the same email.

Ted Daywalt
President

VetJobs
P. O. Box 71445
Marietta, GA 30007-1445
770-993-5117 (o)
877-838-5627 (o) (877-VetJobs)
770-993-2875 (f)
678-777-8262 (c)

www.linkedin.com/in/teddaywalt

Freedom Is Never Free – Support Our Armed Forces and Veterans!

VetJobs is an appropriate employment service delivery system for EEOC, VEVRAA/JVA and OFCCP compliance support!

-Recipient of WEDDLE’s User’s Choice Award -Recipient of AIRS Top Recruiting Site -Recipient of Workforce Management Top 10 Recruiting Sites -Only military job board selected by Reader’s Digest, Business Week & US Chamber of Commerce

VetJobs is a Service Disabled Veteran Owned Small Business

VetJobs is sponsored and partly owned by the Veterans of Foreign Wars, and endorsed by Vietnam Veterans of America, Association of the US Navy, Veterans of Modern Warfare, Student Veterans of America, Hope4Heroes, Military Order of the Purple Heart, United States Army Warrant Officers Association, The Retired Enlisted Association, National Guard Association of the United States, The Reserve Officers Association and the Enlisted Association of the National Guard of the United States.

VA Suicide Report 22104: 65% over age 50

VA Suicide Report 2014:
65 Percent of Veterans over Age 50

(Washington, DC)—On August 3, the VA released Suicide Among Veterans and Other Americans 2001-2014, a comprehensive analysis of veteran suicide rates in the United States in which VA examined more than 55 million veterans’ records from 1979 to 2014.

“While the number of suicides among all veterans is significant, what may not be known is that approximately 65 percent of all veterans who died from suicide in 2014 were 50 years of age or older,” said John Rowan, National President of Vietnam Veterans of America. “Why is it that so many veterans, basically, take their lives by suicide? Last year, the Clay Hunt SAV Act, Public Law 114-2, was enacted to address the high suicide rate amongst the newer veterans but did not specifically address the older veterans. We call on the VA to increase its outreach and education efforts immediately so that the families of all veterans, especially our older veterans, are aware of this risk.”

The VA must overcome all barriers to find the key—if indeed there is one—to preventing suicide in as many instances as possible among our veterans. All Americans must also realize that there is a very serious problem with veteran suicides and act upon it with a coordinated effort in our communities—with our fellow veterans, both young and old; our families; our friends; and with researchers and the agencies of government. As we have repeatedly stated, one veteran suicide is too many. And let’s not fool ourselves with easy answers.”

Since 2001, the rate of suicide among U.S. veterans who use VA services has increased by 8.8 percent, while the rate of suicide among veterans who do not use VA services increased by 38.6 percent. In the same time period, the rate of suicide among male veterans who use VA services increased 11 percent, while the rate of suicide increased 35 percent among male veterans who do not use VA services. In the same time period, the rate of suicide among female veterans who use VA services increased 4.6 percent, while the rate of suicide increased 98 percent among female veterans who do not use VA services. A link to the report may be found here. http://www.mentalhealth.va.gov/docs/2016suicidedatareport.pdf