Veteran Employment in October Breaks Another Record

The number of unemployed veterans continued to tick downward in October, marking a record low unemployment rate for the second month in a row, according to federal data released Friday.

The latest Bureau of Labor Statistics numbers show 2.7 percent of veterans were unemployed last month, down from 3 percent in September. Prior to September, the lowest veteran unemployment rate on record was 3.2 percent.

The unemployment rates for post-9/11 veterans and Gulf War era veterans also dropped in October, to 3.6 percent and 1.9 percent, respectively.

Veteran Employment in October; Unemployment Rate for Post-9/11 Veterans
Job seekers line up to enter a hotel ballroom at a job fair titled "Honor a Hero, Hire a Vet" that attracted hundreds of veterans in Los Angeles. The national veteran unemployment rate hit a record low in October for the second month in a row. (Kevork Djansezian/Getty Images)
The monthly employment figures should be taken with a grain of salt, experts warn; veteran unemployment data is drawn from a much smaller sample size than the overall population.
Overall, the U.S. added 261,000 jobs in October, as employment in the food services and drink industries increased again after taking a hit from recent hurricanes. The national unemployment rate also decreased slightly — from 4.2 percent to 4.1 percent.
Veteran Employment in October; Unemployment Rate for Post-9/11 Veterans

Source: Military Times article from November 3, 2017