Monday, March 27, 2017

2016 Employment Situation of Veterans

U.S. Bureau of Labor Statistics Releases 2016 Employment Situation of Veterans 
Report – Finds Almost 36 Percent of Gulf War-Era II Veterans Had a Service-Connected Disability Last Updated: Sunday, 26 March 2017
In 2016, 5.2 million veterans had served on active duty during "other service periods," mainly between the Korean War and the Vietnam era and between the Vietnam era and Gulf War era I. All veterans from this period of service were 40 years or older at the time of the survey. Twenty-six percent of these veterans were age 45 to 54 in 2016, another 34 percent were age 55 to 64, and another 39 percent were age 65 and over. In 2016, 1 in 10 veterans of other service periods were women. Among veterans of other service periods, the unemployment rate for men was 4.1 percent, little different than the rate for women (4.9 percent).
March 26, 2017 - The unemployment rate for veterans who served on active duty in the U.S. Armed Forces at any time since September 2001--a group referred to as Gulf War-era II bureau of labor statistics edged down to 5.1 percent in 2016, the U.S. Bureau of Labor Statistics has reported. 

The jobless rate for all veterans also edged down over the year to 4.3 percent. About 36 percent of Gulf War-era II veterans had a service-connected disability in August 2016, compared with 22 percent of all veterans. This information was obtained from the Current Population Survey (CPS), a monthly sample survey of about 60,000 households that provides data on employment and unemployment in the United States. Data about veterans are collected monthly in the CPS; these monthly data are the source of the 2016 annual averages presented in this news release. 

In August 2016, a supplement to the CPS collected additional information about veterans on topics such as service-connected disability and veterans' current or past Reserve or National Guard membership. Information from the supplement is also presented in this release. The supplement was co-sponsored by the U.S. Department of Veterans Affairs and by the U.S. Department of Labor's Veterans' Employment and Training Service. For more information, see the Technical Note, which provides definitions of terms used in this release. read more here