Veterans Unemployment Rate

Veteran unemployment rate lower than civilians - tanks in desert

What is the unemployment rate?

The unemployment rate is the percentage of unemployed workers in the total labor force. An individual falls into the unemployed category when they do not have a job, when they are looking for a job, and when they are available to work. They must meet all three of the above to be considered unemployed. The labor force is all employed and unemployed individuals in an economy. 

Unemployment Among Veterans

In 2021 the unemployment rate for all Veterans was lower than the rate of nonveterans. And as of July 2022, the Veteran unemployment rate has been under 3% for five consecutive months. More businesses are hiring Veterans due to the skills they learned while in service. Many Veterans attend school while in service or once out of service with their G.I. bill. Businesses that hire Veterans can also receive benefits. 

The Jab Market Recovering from Covid

In the spring of 2020, the unemployment rate rose to more than 14 percent. The unemployment rate is now at 4 percent as the United States is recovering from the pandemic. 

Have you been meaning to file your claim but do not know where to start? Find out more.

Did you submit a claim, and are you waiting to hear back? Check the status of your claim.

Are you worried about your living situation while you wait for your claim to be processed? This page may help.

Learn about Bergmann & Moore

 “Employment Situation of Veterans – 2021.” Bureau of Labor Statistics, August 15, 2022, https://www.bls.gov/news.release/pdf/vet.pdf

“Latest Employment Numbers – Veterans – July 2022.” U.S. Department of Labor, August 15, 2022, https://www.dol.gov/agencies/vets/latest-numbers#:~:text=August%205%2C%202022&text=In%20July%202022%2C%20the%20veteran,from%205.4%25%20the%20prior%20year.

“Unemployment in the USA – June 2022.” Focus Economics, August 15, 2022, https://www.focus-economics.com/country-indicator/united-states/unemployment. 

By providing links to other sites, Bergmann & Moore, LLC does not guarantee, approve, or endorse the information, views, or products available on these sites. The information in the post is only accurate for the day initially posted and is not monitored for updates.

Leave a Reply