Monday, October 7, 2019

Unemployment rate for post-9/11 veterans increases for the fifth time in six months

The unemployment rate for post-9/11 veterans went up to 4.5% in September, standing out as an exception in a Labor Department report that showed overall joblessness at a 50-year low of 3.5%.
The unemployment rate for post-9/11 veterans, who are classified as "Gulf War-era II veterans" by the Bureau of Labor Statistics, contrasted with the 3.1% rate for all veterans, the BLS said in its monthly report.
It was the fifth time in the last six months that the unemployment rate for post-9/11 veterans has gone up, according to BLS.
Among male post-9/11 veterans, the unemployment rate in September was 4%; for female post-9/11 veterans it was 7%, according to the data. By contrast, in September 2018, the unemployment rate for all post-9/11 veterans was 3.9%.
For all Americans, veteran and civilian, the unemployment rate is the lowest since 1969, the BLS report said.
President Donald Trump seized on the glowing jobs report to discredit the House impeachment inquiry over allegations that he sought to pressure Ukraine to dig up dirt on potential 2020 rival Joe Biden.
In a tweet, Trump said, "Breaking News: Unemployment Rate, at 3.5%, drops to a 50 YEAR LOW. Wow America, lets impeach your President (even though he did nothing wrong!)."
For Gulf War-era I veterans (August 1990-August 2001), the unemployment rate in September was 2.6%, compared with 2.8% in September 2018.
For World War II, Korea and Vietnam veterans, the unemployment rate in September was 2.2%, compared to 3.8% in September 2018.

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