Microsoft announced the recipients of its Elevate America veterans initiative grants and the availability of new education, job training and placement programs to help give veterans and their spouses the skills and resources they need to be successful in today's civilian work force.
According to data from U.S. Bureau of Labor Statistics, last week's unemployment report showed that although the overall unemployment rate last month remained steady, among Iraq and Afghanistan veterans, the unemployment rate rose last month to 10.6% (compared with 8.8% for nonveterans). Over past 6 months, average unemployment rate among those veterans has been 16% higher than the rate for nonveterans (10.7% compared with 9.2%). To help bridge this gap, Microsoft's awarding $2 million in cash and up to $6 million in software and information technology skills training curriculum to organizations that provide veterans and their spouses with the support they need to successfully transition to civilian careers. More than half of today's jobs require some technology skills, and the Bureau of Labor Statistics estimates that figure will reach 77% in the next decade," stated Microsoft.