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Veteran Unemployment Below National Average at 7.0 Percent

by Kate Hoit

On Friday, the Bureau of Labor Statistics released Veteran unemployment data for the month of January. The unemployment rate for all Veterans was 7.6 percent—a slight increase from last month but still below the national average of 7.9 percent. For Post-9/11 veterans, the rate was 11.7 percent. While Veteran unemployment has ticked up over the past several months, the long-term trend remains downward.

In the first graph, we see the monthly unemployment rate for all Veterans since January 2010.  While the uptick in recent months is apparent, 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 January 2010. What it shows is a modest—but definitive—decline in the unemployment rate of Veterans. 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 is significant 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 the unemployment rate among all Veterans is declining.

For Post-9/11 (or Gulf War II-era) Veterans, the monthly unemployment rate increased slightly to 11.7 percent in January. However, the chart below demonstrates the declining unemployment rate over time. Because the month-to-month figures for this demographic are highly volatile, the longer term trend is a more reliable measure that continues to show a consistent decline over nearly three years.

As we can see below, the 12-month moving average for Post-9/11 veterans ticked up to 10.1 percent (over December’s 9.9 percent), but this remains the second-lowest figure seen since 2009.

The numbers above are encouraging, but we know our work isn’t done—and that there’s still much to do. In this economy, too many Veterans still can’t find meaningful work, and we’re working every day to remedy that.

That’s why VA is collaborating with the White House and the Chamber of Commerce on hiring fairs across the country through the “Hiring Our Heroes” Program. It’s also why we’re urging 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).

If anything, today’s figure reminds us that there’s still much work to be done. VA, in conjunction with the White House, remains committed to ensuring that the unemployment rate for all Veterans continues its downward path.

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About Posted by Susan Bainbridge

At age 6, Susan was destined to be a journalist and photographer. In 1980, Susan founded Bainbridge News and The Bainbridge Chronicle Newspaper. Bainbridge News specializes in Military and National Politics, including Military Funerals and Burials and Political Funerals and Burials. Susan has covered the White House, the Pentagon and Capitol Hill. She has covered every president from Ronald Reagan to Barack Obama. Recognized for her versatility, Susan has also covered finance, crime, civil rights events, marches, sports, musical events and more. In 1990, she established Bainbridge Photography, an On-Location photography company. In addition to military and political events, including Military and Political funerals and burials, Bainbridge Photography expanded into covering ALL funerals and burials, receptions, weddings, real estate, inventory, insurance, portrait, head shot, pets, fire and Hazmat. Miss Bainbridge believes in going the extra mile. "My Clients always come first." In 1980, Susan began her career in Washington, D.C., working for WMZQ Radio as a reporter and guest hostess from 1980 to 1985. Intrigued by radio, Susan wanted to write, freelancing for radio, television and print newspapers, including AP, The Washington Post, The Washington Times, The Northern Virginia Sun, The Press-Republicanand The Bainbridge Chronicle (established by Susan Bainbridge). In 1986, Susan worked at WDCA-TV Channel 20 as a guest hostess for "Eye On Washington." From 1990 to 1994, Susan reported and anchored for "The Arlington Weekly News." Additionally, she produced a segment for the G. Gordon Liddy Radio Show. A prolific writer, while in high school in 1977, Bainbridge wrote an episode for NBC's "Little House on The Prairie" entitled "Laura's Best Friend." Though the show's producers did not use the script then, NBC producers encouraged Susan to pursue a writing and journalism career. Susan is a member of the National Press Club, the National Press Photographer's Association and the Society of Professional Journalists. Susan Bainbridge's recognitions include from former Presidents Ronald Reagan, George Herbert Walker Bush and Bill Clinton, former First Lady Nancy Reagan, former British Prime Minister Margaret Thatcher, the late actor Lorne Greene, among many others. BAINBRIDGE NEWS was founded in 1980 by Susan Bainbridge (a sixth generation writer), a third generation journalist, a first generation photographer and a fourth generation entrepreneur. She is the first generation to establish a news business. Bainbridge News is dedicated in honor of Miss Bainbridge's late grandfather and idol, Mark S. Watson (The Baltimore Sun editor and war correspondent from 1920 to his death in 1966).

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