Veteran unemployment hit a record low in 2017, creeping below 4 percent for the first time on record, federal statistics show.
The drop to 3.7 percent continues a downward trend in veteran unemployment since the percentage of veterans without jobs was at its peak in 2010, according to Bureau of Labor Statistics data. The lower unemployment rates were true for all veteran subgroups, including post-9/11 veterans, whose yearly average dropped to 4.5 percent last year from 5.1 percent in 2016.
Between December and January, though, unemployment rose slightly for all veterans, in particular for post-9/11 veterans and their Gulf War-era predecessors. Experts warn against putting too much stock in the monthly figures, however, since veteran unemployment data are drawn from a smaller sample size than the overall U.S. population.
Meanwhile, U.S. unemployment remained stagnant at 4.1 percent in January, with jobs added in the construction, food and drink services, health care and manufacturing industries.