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Unemployment rate drops again for Post-9/11 vets

Jun. 7, 2013 - 09:28AM   |  
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For Post-9/11 veterans, the job market appears to be improving as the unemployment rate for May fell to 7.3 percent, the Bureau of Labor Statistics reported Friday.

One year ago, the unemployment rate for the Iraq and Afghanistan generation of veterans was 12.3 percent. In April, the jobless rate for Post-9/11 veterans was 7.5 percent.

The national unemployment rate for May was 7.6 percent, unchanged from April, as the economy grew about 175,000 jobs, according to the employment report. There are about 11.8 million people who are unemployed and about 155.7 million with jobs, according to the report.

Overall, veterans continue to do better than non-veterans, although the 6.6 percent jobless rate for veterans of all generations is higher than the 6.2 percent rate reported in April.

The May jobless rate for male veterans was 6.7 percent for men and 6 percent for women. he jobless rate for Post-9/11 male veterans was 7.8 percent while the rate for women was 4.9 percent. Small sample sizes for women in the survey could be responsible for the lower rate.

Last week, the Bureau of Labor Statistics reported that unemployment rates were lower in 276 of 372 metropolitan areas in April, a sign of widespread improvement. Unemployment rates were higher in 78 areas and unchanged in 18, the report say. The city with the highest unemployment rate was Yuma, Ariz., with 30.3 percent.

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