Newsletter

Newsletter VETS Monthly Employment Overview

 

5/5 VETS Monthly Employment Overview – April 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.

Veterans’ Unemployment Rate Edges Down in April

In April 2017, the veteran unemployment rate declined slightly to 3.7 percent; this is down from 3.9 percent both one year ago and in March. In comparison, the non-veteran unemployment rate was 3.9 percent for April (not seasonally adjusted). It has been nearly 10 years since both the veteran and non-veteran unemployment has reached these levels.

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 Luke Murren at murren.luke@dol.gov.

We hope you find this information helpful.

Read the full report.

 

4/7 VETS Monthly Employment Overview – March 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.

The Veteran Unemployment Rate Holds Steady in March

In March 2017, the veteran unemployment rate remained at 3.9 percent; this is down from 4.5 percent one year ago. In comparison, the non-veteran unemployment rate was 4.4 percent for the past month (not seasonally adjusted).

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 Luke Murren at murren.luke@dol.gov.

We hope you find this information helpful.

Read the full report.

 

3/10 VETS Monthly Employment Overview – February 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.

The Veteran Unemployment Rate Continues Downward Trend in February

In February 2017, the veteran unemployment rate dropped to 3.9 percent, continuing a positive outlook for veteran unemployment. In comparison, the non-veteran unemployment rate was 4.9 percent for the month (both figures not seasonally adjusted).

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 Luke Murren at murren.luke@dol.gov.

We hope you find this information helpful.

Read the full report.

 

2/3 VETS Monthly Employment Overview – January 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.

The Veteran Unemployment Rate Begins 2017 in Familiar Territory – Below the Non-veteran Rate

In January 2017, the veteran unemployment rate was 4.5 percent, compared to the non-veteran rate of 5.0 percent (not seasonally adjusted). Female veterans also had a strong showing in January with an unemployment rate of 3.8 percent.

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 Luke Murren at murren.luke@dol.gov.

We hope you find this information helpful.

Read the full report.

 

1/6 NVTI News Flash: VETS Monthly Employment Overview – December 2016

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.

The Veteran Unemployment Rate Ends 2016 on a Strong Note

In December 2016, the veteran unemployment rate was 4.1 percent, down from 4.8 percent one year ago. This monthly rate of 4.1 percent is also the lowest veteran unemployment rate since May 2016. The overall unemployment rate in December was 4.4 percent (seasonally adjusted rate was 4.7 percent). This comparison puts the veteran unemployment rate back below the total unemployment rate; there have been only two months in 2015 and 2016 where the veteran unemployment rate was higher than the overall unemployment rate.

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 Luke Murren.

We hope you find this information helpful.

Read the full report.

 

12/2 NVTI News Flash: VETS Monthly Employment Overview– November 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 November, the veteran unemployment rate was 4.8%, which was slightly higher that the overall unemployment rate of 4.6. This demonstrates a 24-month trend with only two exceptions, December 2015 and November 2016, when veteran unemployment was higher than the overall unemployment. Additionally, the unemployment rate for veterans 18-24 years of age was 11.7%; a decrease from last month’s result of 13.5%.

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.

Read the full report.

 

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.

Read the full report.