Veteran Unemployment Continues to Decline, Lowest Rate in Five Years
Posted byon January 13, 2014 at 05:52 PM EDT
Last week, the Bureau of Labor Statistics released Veteran unemployment data for the month of December.
The unemployment rate for all Veterans was 5.5 percent last month—a decrease from 6.7 percent in November and more than a point below the national average of 6.7 percent. This is the lowest Veteran unemployment has been in five years.
For post-9/11 Veterans, the rate dropped to 7.3 percent in December, compared to 9.9 percent in November – but a when compared to 10.8 percent in December 2012 it’s even more significant.
In short, more Veterans are getting hired due to a national focus on hiring Veterans. That is good news, but there is still much more to do to ensure Veterans continue to find meaningful employment. We often send out information on Twitter or Facebook highlighting programs or opportunities for Veteran employment, and as a Veteran I find it gratifying to see the country working to help get our Vets back on their feet in so many ways. From the tech industry, to Red Cross-hosted job fairs, to training in the food service industry, Operation Good Jobs to the National Cemetery Administration’s training program for homeless Veterans, the efforts to combat Veteran unemployment continue to put our Vets to work.
Included below are graphs to illustrate the unemployment rate for all Veterans and post 9-11-Veterans. Below, you can see the monthly unemployment rate for all Veterans since January 2010. The long-term trend shows a clear decrease.
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