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July Jobs Reports Shows Veterans Unemployment Rate at 3.4%

OutSolve

July was the 11th consecutive month where the veteran unemployment was lower than the non-veteran unemployment rate

The Bureau of Labor Statistics (BLS) released its July 2019 economic news revealing the veteran unemployment rate at 3.4% which is up slightly from 3.2% in June 2019. The non-veteran unemployment rate for July was 3.6% (seasonally adjusted). This is the 11th consecutive month where the seasonally adjusted veteran unemployment rate was lower than the non-veteran unemployment rate.

A section of Table A-5 Employment status of the civilian population 18 years and over by veteran status, period of service, and sex, not seasonally adjusted is shown below but detailed information about each specific veteran type can be found in the table. In the past the BLS has not referenced seasonally adjustment unemployment rates for veterans. This “adjustment accounts for any predictable seasonal patterns in the data and allows the better month-to-month comparisons.” Full seasonally adjusted veteran unemployment rates dating back to 2003 can be found here.

The BLS also published the Employment Situating of Veterans – 2018 and identified that the annual veteran unemployment rate declined to 3.5% in 2018 which was the lowest level since 2000.

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