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.
And while unemployment among younger military veterans remained at levels greater than national averages, overall vets unemployment slipped from 3.7% to 3.5%.
When breaking out figures for younger vets, however — particularly men — the new stats show veteran unemployment 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.