Veteran Unemployment Rate Remains Steady



Earlier today, the Bureau of Labor Statistics released Veteran unemployment data for the month of March. The unemployment rate for all Veterans was 7.1 percent in February—a a slight bump from 6.9 percent in February and still below the national average of 7.6 percent. For post-9/11 Veterans, the rate dropped to 9.2 percent in March compared to 9.4 percent in February.

In the first graph, we see the monthly unemployment rate for all Veterans since January 2010. The long-term trend shows a clear decrease.

Because chunks of data are often better indicators of real movement, another way to view the trend is by looking at the moving (or rolling) average. Like the chart above, the chart immediately below captures 12-month averages for the periods ending each month since February 2010. What it shows is a modest decline in the unemployment rate of Veterans over the long term. The current 12-month average unemployment rate for all Veterans remains at 7.0 percent—still the lowest 12-month average unemployment rate since 2009.

This matters because the moving 12-month average is a far more conservative measure than the month-to-month data. When we see movement in the rolling average, we are confident that there is real movement in the unemployment rate.

For post-9/11 (or Gulf War II-era) Veterans, the monthly unemployment rate decreased slightly to 9.2 percent in February. The chart below demonstrates the declining unemployment rate over time. Because the month-to-month figures for this demographic are volatile, the longer term trend is a more reliable measure that continues to show a consistent decline for over three years.

As we can see below, the 12-month moving average unemployment rate for post-9/11 Veterans has slightly dropped to 10.2 percent.

Overall, the numbers above are encouraging—as is the declining national unemployment rate. But we know there is still more to be done. In this economy, too many Veterans still can’t find meaningful work, and we’re working every day to remedy that.

VA is collaborating with the White House and the Chamber of Commerce on hiring fairs across the country through the “Hiring Our Heroes” Program. We also urged Veterans to prepare themselves for the job market by taking advantage of programs like the Post-9/11 GI Bill and the Veterans Retraining and Assistance Program (VRAP).

Today’s numbers tell us that Veterans are finding work, but there’s still much to be done, and we can’t let up now. VA, in partnership with the White House and private sector, remains committed to ensuring that the unemployment rate for all Veterans continues its downward path.

Author

Alex Horton

Comments

  1. D Flynn    

    What a joke. Talking about putting on rose colored glassed, this can really take the cake.

    Edged up slightly? 2 percentage points is not a slight edge up when you consider the number of veterans who have just given up on finding employment. I was sitting in the waiting room at a VA hospital today and two of the vets in the room said, I guess I am not being counted anymore, I gave up.

    Above 9% for post 9/11 vets is something for which this whole country should be ashamed. However, taking that number into account with an overall 7.1% it is easy to see that is where the real problem lies.

    This WH has done many things that have hurt the private sector and yet you say they are helping?. The only increase in employment is at the Federal level and that includes the VA. Yet, today they still can’t get it right. You folks live in an alternate universe.

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