The department’s commitment to serving transitioning service members, veterans and families is evident in the release of the Employment Situation of Veterans by the Bureau of Labor Statistics. Here are some of the highlights from the 2015 data:
- The unemployment rate for all veterans has consistently been below the unemployment rate for non-veterans. The total veteran unemployment rate was 4.6 percent, compared to the nonveteran unemployment rate (for individuals 18 years and older) of 5.2 percent.
- The unemployment rate for veterans age 24 and younger was 6.0 percent, compared to the 9.7 percent unemployment rate for non-veterans of the same age.
- The national unemployment rate for male veterans declined to 4.5 percent in 2015. The national unemployment rate for women veterans has been statistically equivalent to that of non-veteran women for the last three years.
- The labor force participation rate for Gulf War II veterans is just above 80 percent, compared to a non-veteran labor force participation rate of 65.4 percent.
The employment situation for veterans continues to improve, but there is still work to do. With the updates to our Department of Labor Employment Workshop curriculum, transitioning service members will be better prepared to enter civilian employment before they leave active duty. More and more companies are making commitments to hire, and retain, veterans.
The department has also placed a greater emphasis on apprenticeships. The training that takes place in qualified apprenticeship programs allows veterans to explore trades they may not have considered before in their pursuit of a professional career.
Read More: http://blog.dol.gov
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