Employment Situation for Veterans Improving
by Kofi Annan, VCCS
The U.S. economy gained 215,000 jobs in March according to the Bureau of Labor Statistics. The unemployment rate rose slightly to 5 percent, up from 4.9 percent in the month before, but most experts agree that that increase is because more people began looking for work.
According to a Bureau of Labor Statistics report released in late March, the unemployment rate for post 9/11 veterans declined by 1.4 percentage points over the year to 5.8 percent in 2015. The jobless rate for all veterans, at 4.6 percent, also declined from a year earlier.
Highlights from the report include:
- The unemployment rate for male veterans overall was lower than the rate for female veterans. The unemployment rate for male veterans declined to 4.5 percent. The rate for female veterans at 5.4 percent.
- Among the 495,000 unemployed veterans in 2015, almost 60 percent were over the age of 45. About 37 percent were age 25 to 44, and 5 percent were age 18 to 24.
- Veterans with a service-connected disability had an unemployment rate of 5.4 percent. So not much different from veterans without disability.
Granted there's still a long way to go, and there's always more that can and should be done further reducing these unemployment figures for veterans, but the trend is heading in the right direction.