The Unemployment Rate for Veterans Is the Lowest in Seven Years

0
461

The unemployment rate for American veterans fell to the lowest level in seven years in 2015, a reflection of an improving jobs market alongside programs to put servicemen and women to work.

The unemployment rate for all veterans was 4.6% last year, the Labor Department said Tuesday, matching the rate in 2008. By comparison, the figure was 5.2% for nonveterans ages 20 and over.

The latest numbers echo broader trends in the U.S. labor market. The unemployment rate for people 16 and over was 5% at the end of 2015 and 4.9% the first two months of 2016, the lowest since February 2008. To be sure, by many measures the labor market hasn’t fully healed from the latest recession, which ended in mid-2009. The share of Americans stuck in part-time jobs or too discouraged to look for work was 9.7% in February, the lowest level since May 2008 but still well above prerecession levels.

CLICK TO READ FULL STORY >>>>>

About VT Editors
VT Editors is a General Posting account managed by Jim W. Dean and Gordon Duff. All content herein is owned and copyrighted by Jim W. Dean and Gordon Duff
ATTENTION READERS
Due to the nature of independent content, VT cannot guarantee content validity.
We ask you to Read Our Content Policy so a clear comprehension of VT's independent non-censored media is understood and given its proper place in the world of news, opinion and media.

All content is owned by author exclusively. Expressed opinions are NOT necessarily the views of VT, other authors, affiliates, advertisers, sponsors, partners or technicians. Some content may be satirical in nature. All images within are full responsibility of author and NOT VT.

About VT - Read Full Policy Notice - Comment Policy