• January 2024 Jobs Report, Veteran Unemployment Rate was 3.0%

February 2, 2024  
Veteran Unemployment Rate was 3.0% in January

In January 2024, the veteran unemployment rate was 3.0%, unchanged from the previous month and up from 2.5% the prior year.

Also in January 2024, the comparable non-veteran unemployment rate was 3.6%, down from 3.7% the previous month and up from 3.4% the prior year.

The unemployment rates are seasonally adjusted and for individuals aged 18 years and over in the civilian non-institutional population.

View the full report:

Veteran Seasonally Adjusted Unemployment Rates

Non-Seasonally Adjusted Data

Seasonally and Non-Seasonally Adjusted Data

Historically, we have referenced the non-seasonally adjusted unemployment rate for veterans. However, beginning July 2019, the Bureau of Labor Statistics began publishing the seasonally adjusted veteran unemployment rate. This adjustment accounts for any predictable seasonal patterns in the data and allows for better month-to-month comparisons; we will utilize this data series going forward.

The full seasonally adjusted veteran unemployment rate series going back to 2003 is available here: Veteran Seasonally Adjusted Unemployment Rates. If you are interested in the non-seasonally adjusted data, that is still available here: Non-Seasonally Adjusted Data.

Highlighted Findings

Unemployment Rates by Gender and Veteran Status. Description follows.

Unemployment Rates By Gender and Veteran Status

February 2023 – January 2024 Averaged *

Women Veterans 3.3%,
Women Nonveterans 3.4%,
Male Veterans 2.8%,
Male Nonveterans 3.8%. 
 

*12-month moving average generated using unpublished data tables obtained from the U.S. Bureau of Labor Statistics: Table 1. Employment status of persons by veteran status, age, race, Hispanic or Latino ethnicity, and sex, not seasonally adjusted. 
Source: bls.gov (Current Population Survey)

Unemployment Rates by Disability and Veteran Status. Description follows.

Unemployment Rates by Disability and Veteran Status

February 2023 – January 2024 Averaged *

Veterans with a disability 4.8%,
Nonveterans with a disability 7.3%,
Veterans with no disability 2.6%,
Nonveterans with no disability 3.4%.
 

*12-month moving average generated using unpublished data tables obtained from the U.S. Bureau of Labor Statistics: Table 16. Employment status of persons 18 years and over by veteran status,  period of service, sex, race, Hispanic or Latino ethnicity, and disability status. 
Source: bls.gov (Current Population Survey)

Unemployment numbers by race, Hispanic ethnicity and veteran status. Description follows.

Unemployment Rates By Race, Hispanic Ethnicity and Veteran Status

February 2023 – January 2024 Averaged *

White Veterans 2.7% 
White Nonveterans 3.2% 
Black Veterans 3.4% 
Black Nonveterans 5.5% 
Asian Veterans 2.8% 
Asian Nonveterans 3.0% 
Hispanic or Latino Veterans 3.1% 
Hispanic or Latino Nonveterans 4.6%

*12-month moving average generated using unpublished data tables obtained from the U.S. Bureau of Labor Statistics: Table 16. Employment status of persons 18 years and over by veteran status, period of service, sex, race, Hispanic or Latino ethnicity, and disability status. 
Source: bls.gov (Current Population Survey)

Annual Employment Situation of Veterans – 2023

In 2023, there were 17.90 million veterans in the civilian non-institutional population 18 years and over. Of those veterans, 8.63 million were in the civilian labor force and 8.39 million were employed. The annual average unemployment rate was 2.8% in 2023 for veteran, unchanged from the prior year.

The full report for 2023 is forthcoming.

Read the full report for 2022.

Data

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