Obama proposes program to help military veterans find work
More here: Helping veterans find civilian jobs is focus of new Obama initiative - CNN.com
But the unemployment rate among post-9/11 veterans stands at more than 4 percentage points higher than the nationwide figure and the White House notes many of the jobless veterans are former manufacturing, construction and mining workers -- industries that were especially devastated by the recession.
Among the president's proposals is a Returning Heroes and Wounded Warrior Tax Credit, which would provide businesses that hire veterans a tax break, varying in size depending on how long the newly hired veteran has been unemployed and whether he or she has a disability.
Under the president's proposal the credits would range from $2,400 for hiring a short-term unemployed veteran to $9,600 for hiring a long-term unemployed and disabled veteran.
Obama also unveiled a new Department of Defense task force that, with help from the administration's economic and policy teams, is charged with implementing new programs that ensure service members have the skills and training needed to transition to private sector jobs.
The administration is dubbing this transition period a "reverse boot camp," during which more access to career guidance and counseling will be made available.