Veteran Unemployment Rate 3.7 Percent in August
In August 2017, the veteran unemployment rate was 3.7 percent, down from 4.3 percent last August. In comparison, the non-veteran unemployment rate for August 2017 was 4.4 percent (not seasonally adjusted). Additionally, Gulf War II-era veterans (those who served after September 11, 2001) showed a rate of 4.2 percent for the month.
VETS Monthly Employment Overview – August 2017
Attached, please find the Veterans' Employment & Training Service's (VETS) 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.
A Cautionary Note on Sample Size and Non-Seasonally Adjusted Data
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. Additionally, when working with not seasonally adjusted monthly data such as these, the Bureau of Labor Statistics recommends to not compare month-over-month, but instead to compare the same month across years.
If you have any questions, you may contact Luke Murren at email@example.com.
We hope you find this information helpful.
Read the full report.