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Unemployment Down for all Veterans in April

Compliments of:

by Alex Horton

 

Earlier today, the Bureau of Labor Statistics released Veteran unemployment data for the month of April. The unemployment rate for all Veterans was 6.2 percent last month—a drop from 7.1 percent in March and still below the national average of 7.5 percent. For post-9/11 Veterans, the rate dropped to 7.5 percent in April, compared to 9.2 percent in March.

In the first graph, we see the monthly unemployment rate for all Veterans since January 2010. 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 February 2010. What it shows is a modest decline in the unemployment rate of Veterans over the long term. The current 12-month average unemployment rate for all Veterans stands at 6.9 percent—the lowest 12-month average unemployment rate since 2009.

This matters 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 there is real movement in the unemployment rate.

For post-9/11 (or Gulf War II-era) Veterans, the monthly unemployment rate decreased to 7.5 percent in April. The chart below demonstrates the declining unemployment rate over time. Because the month-to-month figures for this demographic are volatile, the longer term trend is a more reliable measure that continues to show a consistent decline for over three years.

As we can see below, the 12-month moving average unemployment rate for post-9/11 Veterans has slightly dropped to 10 percent.

Overall, the numbers above are encouraging—as is the declining national unemployment rate. But we know there is still more to be done. In this economy, too many Veterans still can’t find meaningful work, and we’re working every day to remedy that.

VA is collaborating with the White House and the Chamber of Commerce on hiring fairs across the country “Hiring Our Heroes” Program. We also urged 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).

Today’s numbers tell us that Veterans are finding work, but there’s still much to be done, and we can’t let up now. VA, in partnership with the White House,  and private sector, remains committed to ensuring that the unemployment rate for all Veterans continues its downward path.

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About Edited 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-Republican and 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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