U.S. Senator Kay R. Hagan (D-NC) commented on national February unemployment numbers and the number of unemployed veterans. The national unemployment rate dropped to 8.9 percent in February. Despite progress on overall unemployment, unemployment among returning veterans from Iraq and Afghanistan still exceeds national unemployment. In February 2011, unemployment among these veterans was 12.5 percent, and among males, it was even higher: 13.3 percent.
“The unemployment numbers for our returning heroes from Afghanistan and Iraq are particularly troubling,” Hagan said. “I have cosponsored the Hire a Hero Act, which would make a tax credit for businesses that hire veterans permanent and extend the credit to members of the Guard and Reserve. North Carolina is the most military-friendly state in the nation, and as a member of the Senate Armed Services Committee, I am continuing to look for additional ways to help connect our veterans to employment opportunities.”
The Hire a Hero Act, introduced last month by Hagan and Scott Brown (R-MA), extends the Work Opportunity Tax Credit to include members of the Guard and Reserve and makes the credit permanent for veterans.