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Veteran unemployment lowest in 18 years

January 15, 2019 - 11:39 am

Unemployment for military veterans hit a historic low in 2018. According to the Bureau of Labor Statistics, unemployment for post 9/11 veterans fell to 3.8 percent - the first time below 4 percent. Unemployment for all veterans - not just post 9/11 - is at 3.5 percent, the lowest in 18 years.

President Trump heralded the news on Twitter this morning.

The trend matches the national unemployment rate, which was at 3.9 percent in December 2018.

chart courtesy of Bureau of Labor Statistics

Unemployment has generally been falling for all Americans in recent years, though veterans numbers tended to be higher. Just after the 2008 recession in 2011, post-9/11 veteran's unemployment rate skyrocketed to over 12 percent, causing great concern. National businesses started veteran hiring initiatives, and nonprofits popped up to help veterans seeking employment translate their military careers into civilian jobs. And now, eight years later, employment is aall-time time low.

Related: Unemployment down for veterans, but not necessarily for women veterans

The trend in rising veterans employment is a common topic thread on Connecting Vets. This fall, we talked to experts from the Institute for Veterans and Military Families at Syracuse University on what states have the most veteran friendly job iniatives.

FIND HELP: Employment Assistance for Veterans

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