Unemployment Rate for Youngest Veterans Reached Seven-Year Low in 2015

The unemployment rate for post-9/11 veterans reached an all-time low in 2015, as the economy improved and the federal government and private sector continued their focus on the issue.

The 5.8 percent annual unemployment rate in 2015 for the latest generation of veterans marked a significant improvement over the 7.4 percent rate recorded the previous year and was only modestly higher than the 5.2 percent rate for non-veterans.

Unemployment for post-9/11 veterans reached its high point at 12.0 percent in 2011, reported Military Times.

“Some of the improvement in the unemployment rate for veterans across the board has happened somewhat in parallel with the overall reduction in our nation’s unemployment numbers over the last five to six years,” said Jack Norton, spokesman for the U.S. Chamber of Commerce’s Hiring Our Heroes program.

“At the same time, though, through much of our effort, businesses of all sizes have been reminded of the value of veterans as employees and have strengthened their veteran hiring programs as a result,” Norton added.

Improvements in DOD’s transition assistance program also have played a role, said Ryan Gallucci, Veterans of Foreign Wars’ deputy director for national veterans service.

But DOD needs to expand its support for transitioning service members, Gallucci said. The curriculum should be easily accessible to veterans after they separate and the department needs to better track how veterans fare in the job market, according to the story.

“It needs to be a sustained mission of the military, the way that recruitment and retention is a sustained mission of the military,” he said.

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