Veterans jobless rate falls to seven-year low in November

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By Leo Shane III

The overall veterans jobless rate fell to a seven-year low in November and the rate for veterans from the Iraq and Afghanistan war era dropped below last month’s record low mark, according to data released by the Bureau of Labor Statistics on Friday.

The news continues a positive trend in veterans employment, one that has seen even younger veterans finding jobs at a quicker pace than their civilian peers. In fall of 2014, the unemployment rate for that group was significantly higher than national jobless rates but has been below the U.S. average for three consecutive months now.

Overall veterans unemployment has been consistently below national rates for nearly six years. The 3.6 percent rate BLS found in November is the lowest monthly mark since October 2007, and reflects about 390,000 veterans unable to find work last month.

The rate for the youngest veterans was 4.2 percent, the lowest since BLS began tracking those numbers in 2008.

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