The Latest on Unemployment Among Post-9/11 Veterans

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by Brandon Friedman

 

On Friday, the Bureau of Labor Statistics released Veteran unemployment data for the month of May. The unemployment rate for one closely watched group, Iraq and Afghanistan-era Veterans (or Gulf War II-era Veterans), rose to 12.7 percent from 9.2 percent the previous month.

Tracking Veteran unemployment is notoriously difficult and we often see significant swings from one month to the next—making long-term analysis critically important. In the case of post-9/11 Veterans, the long-term unemployment trend remains stable and downward—a sign of recovery following the worst economic crisis since The Great Depression.

One way to visualize this is by looking at the trend line of monthly unemployment rates for the past 29 months (since January 2010). Even with intermittent spikes, the overall trend continues to move steadily downward.

 

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