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President Obama observes Veterans Day

President Barack Obama, accompanied by Maj. Gen. Michael S. Linnington, Commander of the U.S. Army Military District of Washington, left, pauses after placing a wreath at the Tomb of the Unknowns during a Veteranis Day ceremony at Arlington National Cemetery in Arlington, Va.,  Friday, Nov. 11, 2011. (AP Photo/Pablo Martinez Monsivais)

President Barack Obama, accompanied by Maj. Gen. Michael S. Linnington, Commander of the U.S. Army Military District of Washington, left, pauses after placing a wreath at the Tomb of the Unknowns during a Veteranis Day ceremony at Arlington National Cemetery in Arlington, Va., Friday, Nov. 11, 2011. (AP Photo/Pablo Martinez Monsivais)

ARLINGTON, Va. -- Heralding the end of one war and the drawdown of another, President Barack Obama observed Veterans Day on Friday by urging Americans to hire the thousands of servicemen and women coming home from Iraq and Afghanistan.

In remarks at Arlington National Cemetery, he called it "a time when America needs all hands on deck."

"The tide of war is receding," Obama said. "My fellow Americans, our troops are coming home."

He spoke on a chilly autumn morning to an audience of veterans and dignitaries in the cemetery's amphitheater shortly after placing a floral wreath at the Tomb of the Unknowns.

Following the ceremony, Obama left the White House for a flight to San Diego to join in a holiday basketball game aboard an aircraft carrier -- the start of a nine-day trip that includes an Asia-Pacific summit in Hawaii and stops in Australia and Indonesia.

Obama used his Arlington speech to mark the coming transition from a nation fighting multiple wars in the aftermath of Sept. 11 to one where reviving a struggling economy is the overriding focus.

Last month, Obama announced plans to withdraw the last U.S. troops from Iraq. Between that and Obama's commencement of a drawdown in Afghanistan, he said, for many military families, "this holiday season will be a season of homecomings."

And he urged Americans to greet the returning vets with jobs and offers of help. "Let us welcome them home as what they are: an integral, essential part of our American family," Obama said.

Obama spoke a day after the Senate passed his proposal to give companies tax credits for hiring jobless veterans. "Our economy needs their talents and specialized skills," he said.

Earlier, with the aid of an honor guard, Obama placed the wreath on a pedestal in front of the marble tomb, then stood with a hand over his heart as a bugler played "Taps." A bell tolled and flags fluttered.

First lady Michelle Obama, Defense Secretary Leon Panetta, Veterans Affairs Secretary Eric Shinseki and other dignitaries watched from the side.

Obama's aircraft carrier visit was to the USS Carl Vinson, docked in San Diego. The first-ever Carrier Classic basketball game pits Michigan State against No. 1 North Carolina on board the ship. The ship is the same one from which Osama bin-Laden's remains were buried at sea following the raid in Pakistan.