Happy Veteran’s Day from Workforce Solutions
Labor Market Status of U.S. Military Veterans in 2017
In honor of Veterans Day, here’s a one-stop shop of all of our most up-to-date data on veterans.
- After reaching 9.9 percent in January 2011, the unemployment rate for veterans was 2.7 percent in October 2017. This is the lowest rate since 2000.
- The unemployment rate for Gulf War-era II veterans — who served on active duty at any time since September 2001 — reached 15.2 percent in January 2011. However, the unemployment rate was 3.6 percent in October 2017, the lowest rate since this series began in 2006.
- The peak unemployment rate for nonveterans was 10.4 percent in January 2010; their rate was 3.8 percent in October 2017.
- There were 347,000 unemployed veterans in the United States in the third quarter of 2017; 30 percent of them were ages 18 to 34.
- In the third quarter of 2017, more veterans worked in government than in any other industry; 21 percent of all veterans and 25 percent of Gulf War-era II veterans worked for federal, state, or local government. By comparison, 13 percent of employed nonveterans worked in government.
- After government, the next largest employers of veterans are manufacturing and professional and business services.
Now let’s take a look at some data that may help veterans who are looking for work or considering a career change.
https://blogs.bls.gov/blog/2017/11/09/labor-market-status-of-u-s-military-veterans-in-2017/
https://www.bls.gov/news.release/vet.nr0.htm
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