11/4 NVTI News Flash: VETS Monthly Employment Overview – October 2016
The Veterans' Employment & Training Service's (VETS) has released its 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.
Good News for Veterans!
In October, the veteran unemployment rate remained the same at 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.
A Cautionary Note on Sample Size
As we state in the document, some of these figures do not meet the Bureau of Labor Statistics' standards for publishing. This is due to the relatively small sample size of subpopulations of veterans, most notably female veterans and veterans ages 18-24. As a result of the small sample size, there is volatility in the monthly numbers. As opposed to generalizing monthly results to the overall population, BLS recommends reviewing employment trends over several months to gain a better understanding of the employment situation for veterans.
If you have any questions, you may contact Nancy Michelle Chevalier.
We hope you find this information helpful.
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