Jobless Rate for Young Veterans Jumps

Washington Report

(February 7, 2017) The unemployment rate for the youngest generation of veterans is significantly higher than the overall rate for veterans. Veterans of the wars in Afghanistan and Iraq showed an unemployment rate of 6.3 percent in January  

The figures reflect about 211,000 of those veterans looking for work, or about 46 percent of the total veteran population filing for unemployment benefits last month. The January unemployment rate for all veterans was 4.5 percent, which is less than 5 percent for the 20th consecutive month.

The figures come from the Bureau of Labor Statistics. Experts say that the rates can fluctuate more for the younger population because of smaller sample sizes, according to Military Times.

The national unemployment rate was 4.8 percent in January, up from 4.7 percent the previous month. Officials from BLS estimate that about 10 million veterans are working today, with about one third of them having served in the military after 2001.