The percentage of post-9/11 veterans who are unemployed is the lowest it’s been in the last decade, according to federal data released today.
The Bureau of Labor Statistics’ February figures show an unemployment rate of 3.3 percent for the youngest generation of veterans, matching December’s all-time low and marking a drop from 4.1 percent in January.
The last month of winter also brought good news for all veterans, as the unemployment rate once again dropped under 4 percent, even as the rate for nonveterans remained relatively unchanged at 4.3 percent. And while experts warn against putting too much stock in the monthly figures, since veteran unemployment data are drawn from a smaller sample size than the overall U.S. population, yearly averages show a consistent downward trend since 2010, when veteran unemployment was at its peak.
Overall U.S. unemployment was 4.1 percent in February for the fifth month in a row. About 313,000 new jobs were added primarily in the construction, retail, professional and business services, manufacturing, financial and mining fields.
Natalie Gross has been reporting for Military Times since 2017. She grew up in a military family and has a master's degree in journalism from Georgetown University.