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Veterans' Employment and Training Service (VETS)

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September 2, 2016

Veterans Unemployment Update

VETS Monthly Employment Overview – August 2016 Attached, please find the Veterans' Employment & Training Service (VETS) monthly Veteran Employment Update, which is a review of data from the Bureau of Labor Statistics' monthly Economic News Release. The update includes unemployment information by veteran status, gender, and post-9/11 Era service, as well as state-by-state data and growth of industry sectors nationwide. Also included are graphs showing unemployment trends over the last 24 months. View the full report

Good News for Veterans! In August, the veteran unemployment rate is 4.3%, once again maintaining a lower level than the overall unemployment rate. This continues a 24-month trend with a single exception, when veteran unemployment was 0.1% higher than overall unemployment in December 2015. Additionally, the unemployment rate for veterans 18-24 years of age result is 6.5%; a significant decrease from August 2015 result of 9.2%.

VETS prepares America's veterans, service members and their spouses, for meaningful careers, provides them with employment resources and expertise, protects their employment rights and promotes their employment opportunities.

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