Veterans unemployment down, though still elevated for younger vets

reg Veterans unemployment down, though still elevated for younger vets

A U.S. military veteran registers to meet potential employers at a job fair for former military personnel on the campus of Rutgers University (John Moore/Getty Images)

By Chas Henry

WASHINGTON — The U.S. economy beat expectations and added 209,000 jobs in July, bringing the unemployment rate to a 16-year low of 4.3%, according to the Department of Labor report on Friday.

Overall veteran unemployment slipped from 3.7% to 3.5% — though the new stats show that unemployment among younger vets — particularly men — remained significantly higher than that among U. S. civilians in the same age groups.

Friday’s jobs report shows that 11.4%  of male veterans between 18-24 years old were unemployed during July, compared to 9% unemployment among civilian men of the same age.  The report did not offer figures for unemployment among female veterans in that age group.

Among veterans 25-34 years of age, the report shows 7.3% of male vets were unemployed, along with 6.7% of female veterans.  That compares, in the same age group, to 4.1% of civilian men and 5.1% of civilian women.

Connect: @ChasHenryNews | Chas@ConnectingVets.com

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