Is the Unemployment Rate for Veterans as Low as WSJ Claims?

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BN-HM574_0319JO_P_20150319083315

By John Gray

The unemployment rate among veterans has fallen to a seven-year low, a result of an improving job market and federal policies that promote employment among service members.  That’s the narrative of a recent Wall Street Journal Article.

But are they correct?  Lifting the labels used by the fact-checking website, Politifact.com, this article might be “half true.” The unemployment rate among all veterans has been dropping since the 2008 financial crisis, although it has yet to rebound to pre-crisis levels.  Today, the veteran unemployment rate is 4.6 percent, less than a percent lower than the rate of 5.3 percent in 2014.

However, as I’ve written previously, the unemployment rate under Obama has persistently been a economic metric with less relevance.  In the past, the unemployment rate worked fine; it was measured by taking the number of people who didn’t have a job but were actively looking for one divided by all total workers.

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