Advertisement

You will be redirected to the page you want to view in  seconds.

Post-9/11 vet unemployment rate jumps again in July

Aug. 1, 2014 - 12:16PM   |  
  • Filed Under

The volatile unemployment rate for the youngest generation of veterans jumped again in July, reaching 9.2 percent, matching the highest monthly rate recorded so far this year, government data show.

For the nation as a whole, the Bureau of Labor Statistics reported that the unemployment held at 6.2 percent, up only slightly from the June rate of 6.1 percent, as the nation tacked on 209,000 jobs.

July’s numbers for post-9/11 veterans continue a two-month upswing from May, when the measure was at 5.3 percent, the lowest rate ever recorded for the group. And that low was a big drop from the February rate of 9.2 percent.

Such fluctuations are characteristic of this unemployment measure, which has a small sample size that can complicate efforts to draw conclusions about their true employment picture.

The July 2014 vets’ unemployment rate is also significantly higher than the July 2013 mark of 7.7 percent, casting doubt on apparent gains made in 2014’s previous months — and making it appear more likely that May’s all-time low was an aberration.

Still, while a 9.2 percent rate represents a spike in unemployment in this year, it would have qualified only as average in 2013, which had an annual veterans’ unemployment rate of 9 percent for the full year. This year, as an average through July, the unemployment rate for post-9/11 veterans is 7.5 percent.

Among veterans of all generations, unemployment increased to 6 percent in July, up from June’s 5.4 percent mark but down from the 6.4 percent charted in July 2013.

Answers by RallyPoint

Join trending discussions in the military's #1 professional community. See what members like yourself have to say from across the DoD.

More In Jobs for Veterans

Start your day with a roundup of top defense news.

VA Home Loan
Rates

Search By:

Product Options:
Zip Code:

Free Military Times Careers Newsletter

Stay up to date on current career and employment news.



This Week's Marine Corps Times

This Week's Marine Corps Times

'My career was defaced'
Sergeant major tells his side of viral video confrontation

Subscribe for Print or Digital delivery today!

Classifieds
MilitaryTimes Green Trusted Classifieds Looking to buy, sell and connect on Military Times?
Browse expanded listings across hundreds of military installations.
Faces of valorHonoring those who fought and died in Operations Iraqi Freedom and Enduring Freedom.
hall of valorThe Hall of Valor is a searchable database of valor award citations collected by Doug Sterner, a Vietnam veteran and Military Times contributing editor, and by Military Times staff.
Woman who cried rape
(3 replies)
   Last Post: TJMAC77SP
        May 3, 2014 1:32 PM
   Last Post: garhkal
        May 1, 2014 5:03 PM
Cliven Bundy
(45 replies)
   Last Post: Chief_KO
        Apr 26, 2014 9:49 AM
Handbooks

All you need to know about your military benefits.

Benefits handbook

Guard & Reserve All you need to know about the Guard & Reserve.

guard and reserve handbook