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Veteran unemployment drops again in 2016

January 6, 2017 (Photo Credit: Stephen Brashear/U.S. Chamber of Commerce Foundation via AP)
Unemployment among the newest generation of veterans fell somewhat in December after a sharp spike upward in the month before, new government data indicate.

The unemployment rate for Afghanistan- and Iraq-era veterans dropped to 5.7 percent in December, according to information released Friday by the Bureau of Labor Statistics. The rate was down from November's 6.5 percent, which was a jump from the 4.7 percent unemployment rate in October.

The overall rate for post-9/11 veterans in 2016 was 5.1 percent, the lowest annual rate since the government started tracking unemployment among these veterans in 2008. 

Among all veterans, the annual rate in 2016 was 4.3 percent, the lowest since 2007. Between November and December, the numbers fell from 4.8 percent to 4.1 percent.

The rate among non-veterans, meanwhile, ticked up a bit in December from November -- 4.3 percent to 4.4 percent -- with an annual rate of 4.7 percent.

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