From government programs to major employers, such as Wal-Mart, one of the hottest employment groups today is our nation’s veterans.
After service to country, there are a number of new resources and opportunities for veterans who want to open or join a business.
From the Bureau of Labor Statistics:
- 9% of small businesses are veteran-owned
- There are 2.45 million veteran-owned businesses
- They employ more than 5 million workers
But unemployment among veterans is not as problematic as the state or national jobless rate. In April, U.S. unemployment hovered at 7.5%, while the state rate fell to 7.1%.
The unemployment rate for the nation’s veterans was 6.2% in April. Among Gulf War-era II veterans it was 7.5%. For Gulf War I veterans it was 5.5% and among WWII, Korean War and Vietnam-era veterans, it was 7%.
Linda Nelson, Arkansas District Director of the U.S. Small Business Administration, sat down for a Memorial Day conversation about the programs that exist to draw veterans into the workforce as small business owners and top employee recruits.
Talk Business Staff
Latest posts by Talk Business Staff (see all)
- Chris Masingill: Ensuring A Resilient Region By Training A Skilled Workforce - September 20, 2014
- UCA Lands $1.2 Million Science Grant - September 19, 2014
- Q&A With Camden Mayor Chris Claybaker - September 19, 2014