Veterans of the Iraq and Afghanistan wars are being recruited by banks such as Citigroup Inc. and Goldman Sachs Group Inc. as Wall Street jobs wane, according to an article in Bloomberg
The New York-based banks joined Credit Suisse Group AG, Bank of America Corp. and Deutsche Bank AG at a job fair hosted by the U.S. Chamber of Commerce for service personnel aboard the USS Intrepid, a museum in the Hudson River.
"We're looking for the right talent at the right time," Suni Harford, Citigroup's head of markets for North America, said while gripping a stack of resumes collected at the fair.
The veterans are aiming to work in an industry where jobs fell in 2010 for a fourth straight year to an average 7.63 million, according to the U.S. Bureau of Labor Statistics, or 8.4 percent below a 2006 peak. For veterans, unemployment rose to 12.1 percent in May from 10.6 percent a year ago. President Barack Obama said on June 22 he will withdraw 33,000 troops from Afghanistan by September 2012.
The veterans said they hoped they had skills to fit a job at one of the more than 100 employers recruiting.
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