Veteran Unemployment Rate at Post-9/11 Low

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Veteran unemployment hits new low.

The Bureau of Labor Statistics reported today that the unemployment rate for veterans who served on active duty in the U.S. Armed Forces at any time since September 2001 -- a group referred to as Gulf War-era II veterans -- edged down to 5.1 percent in 2016.

The jobless rate for all veterans also edged down over the year to 4.3 percent. About 36 percent of Gulf War-era II veterans had a service-connected disability in August 2016, compared with 22 percent of all veterans.This information was obtained from the Current Population Survey (CPS), a monthly sample survey of about 60,000 households that provides data on employment and unemployment in the United States. Data about veterans are collected monthly in the CPS; these monthly data are the source of the 2016 annual averages presented in this news release. In August 2016, a supplement to the CPS collected additional information about veterans on topics such as service-connected disability and veterans' current or past Reserve or National Guard membership. Information from the supplement is also presented in this release. The supplement was co-sponsored by the U.S. Department of Veterans Affairs and by the U.S. Department of Labor's Veterans' Employment and Training Service. 

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Posted: 3/24/2017 12:46 PM
Posted By: Brian Smith
Posted In: Veterans' Priority
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