Last week the Bureau of Labor Statistics (BLS) released the annual Employment Situation of Veterans 2016 report. The numbers are encouraging to see, as the jobless rate for all veterans edged down to 4.3 percent in 2016 from 4.6 percent in 2015. This continues a downward trend from the peak of the recession in 2011, and brings the veteran unemployment rate near pre-recession levels. Some other highlights from the 2016 report include:
• Unemployment for veterans who served on active duty in the U.S. Armed Forces at any time since September 2001 edged down to 5.1 percent in 2016.
• In 2016, the annual average unemployment rate for women veterans was not significantly different from all male veterans or all nonveterans of either gender.
• Among the 453,000 unemployed veterans in 2016, 60 percent were age 45 and over, 36 percent were 25 to 44, and 4 percent were 18 to 24.
• As of August 2016, nearly 1 in 3 employed veterans with a service-connected disability worked in the public sector, compared to about 1 in 5 veterans with no disability.
To learn more you can read our blog about the veteran employment numbers and access the full report here.
As we continue our work to connect veterans and transitioning servicemembers with the employment training and resources they need to succeed in connecting with civilian jobs, I’m asking our VETS team to continue learning about and connecting with the various programs and activities through the state, region and Federal levels that are available to serve our veterans.
We are proud and thankful for the DOL VETS team for working together to serve our veterans and their families with such dedicated passion and professionalism.
It is a privilege for me to serve alongside them.
Assistant Secretary (Acting)