Overview
Today, November 5th, the Bureau of Labor Statistics (BLS) reported employment rose by 531,000 in October and the unemployment rate edged down by 0.2 percentage point to 4.6 percent. Job growth was widespread, with notable job gains in leisure and hospitality, in professional and business services, in manufacturing, and in transportation and warehousing. Employment in public education declined over the month.[1] For veterans, unemployment increased to 3.9 percent in October. Post-9/11 veteran unemployment increased from 3.5 percent to 3.8 percent in October. Of the total 327,000 unemployed veterans ages 18 and over, 24 percent have been unemployed for less than five weeks and 76 percent have been unemployed for more than five weeks. The average length of unemployment is 32.1 (the median is 12.4 weeks). The overall unemployment trend varies by different veteran demographic factors, however, some more than others.
With respect to age, the unemployment rate for veterans ages 18-24 decreased in October, from 8.1 percent to 5.5 percent. The unemployment rate for veterans ages 25-34 increased from 4.3 percent to 6.7 percent. During this period, veterans ages 18-24 were unemployed at a lower rate than their nonveteran peers of the same age group (8.0 percent) while veterans 25-34 were unemployed at a higher rate than their nonveteran peers of the same age group (4.4 percent). The unemployment rate for veterans ages 65 and older decreased in October, from 3.4 percent to 3.3 percent. Veterans ages 65 and older were unemployed at a lower rate than their nonveteran peers of the same age group in October (3.7 percent).
Female veterans experienced an increase in unemployment in October, from 3.3 percent to 5.1 percent. By comparison, female nonveterans have an unemployment rate of 4.3 percent. Male veterans unemployment also increased in October to 3.7 percent. By comparison, male nonveterans have an unemployment rate of 4.1 percent.
Black or African American veterans saw a monthly decrease in unemployment to 4.3 percent. This rate is lower than the 7.7 percent unemployment rate of their nonveteran counterparts. Hispanic, Latino/a, or Spanish Origin veterans experienced a monthly increase in unemployment to 7.8 percent. This rate is higher than the 5.1 percent unemployment rate of their nonveteran counterparts. Readers should be cautioned, however, that data on specific veteran subgroups can vary widely from month to month.
Demographics & Trends
The following tables summarize the employment situation of veterans in America based on BLS data released on November 5, 2021. These are unpublished data from the Current Population Survey, not seasonally adjusted, and represent the period ending October 2021.
| UNEMPLOYMENT RATES FOR: | September 2021 | October
2021 |
CHANGE (+/-) | Annual Averages 2020 |
| All Americans (18 and over) | 4.5 | 4.2 | -0.3 | 7.9 |
| All Veterans | 3.6 | 3.9 | +0.3 | 6.5 |
| Post-9/11 Veterans | 3.5 | 3.8 | +0.3 | 7.3 |
| Gulf-War I Era Veterans | 2.9 | 4.1 | +1.2 | 4.8 |
| WWII, Korean War and Vietnam Era | 3.8 | 4.0 | +0.2 | 6.7 |
| All Nonveterans | 4.5 | 4.2 | -0.3 | 8.0 |
| UNEMPLOYMENT RATES FOR VETERANS | ||||
| Demographic Category | September 2021 | October
2021 |
CHANGE (+/-) | Annual Averages 2020 |
| 18–24 | 8.1 | 5.5 | -2.6 | 14.6 |
| 25-34 | 4.3 | 6.7 | +2.4 | 8.8 |
| 35-44 | 3.1 | 3.8 | +0.7 | 5.8 |
| 45-54 | 3.6 | 3.4 | -0.2 | 5.0 |
| 55-64 | 3.3 | 2.9 | -0.4 | 6.5 |
| 65 and older | 3.4 | 3.3 | -0.1 | 6.4 |
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| Male | 3.6 | 3.7 | +0.1 | 6.5 |
| Female | 3.3 | 5.1 | +1.8 | 6.7 |
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| White, Anglo, Caucasian | 3.1 | 3.5 | +0.4 | 6.1 |
| Black or African American | 5.6 | 4.3 | -1.3 | 7.5 |
| Hispanic, Latino/a, or Spanish Origin | 5.2 | 7.8 | +2.6 | 7.4 |
| Asian or Asian American | 2.3 | 4.6 | +2.3 | 5.1 |
| UNEMPLOYMENT RATES FOR POST-9/11 VETERANS | ||||
| Demographic Category | September 2021 | October
2021 |
CHANGE (+/-) | Annual Averages 2020 |
| 18–24 | 8.1 | 5.5 | -2.6 | 14.6 |
| 25-34 | 4.3 | 6.7 | +2.4 | 8.8 |
| 35-44 | 3.3 | 2.9 | -0.4 | 5.9 |
| 45-54 | 1.9 | 0.7 | -1.2 | 5.4 |
| 55-64 | 2.5 | 0.4 | -2.1 | 5.2 |
| 65 and older | – | – | – | 12.5 |
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| Male | 3.8 | 3.5 | -0.3 | 7.4 |
| Female | 2.1 | 5.5 | +3.4 | 7.2 |
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| White, Anglo, Caucasian | 3.3 | 3.8 | +0.5 | 7.0 |
| Black or African American | 6.0 | 2.8 | -3.2 | 6.8 |
| Hispanic, Latino/a, or Spanish Origin | 6.0 | 6.9 | +0.9 | 8.7 |
| Asian or Asian American | 3.9 | 8.8 | +4.9 | 6.7 |
| UNEMPLOYMENT RATES FOR NONVETERANS | ||||
| Demographic Category | September 2021 | October
2021 |
CHANGE
(+/-) |
Annual Averages 2020 |
| 18–24 | 8.7 | 8.0 | -0.7 | 14.6 |
| 25-34 | 5.0 | 4.4 | -0.6 | 8.4 |
| 35-44 | 3.8 | 3.6 | -0.2 | 6.4 |
| 45-54 | 3.7 | 3.5 | -0.2 | 6.4 |
| 55-64 | 3.4 | 3.2 | -0.2 | 6.8 |
| 65 and older | 3.2 | 3.7 | +0.5 | 7.6 |
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| Male | 4.7 | 4.1 | -0.6 | 7.8 |
| Female | 4.4 | 4.3 | -0.1 | 8.2 |
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| White, Anglo, Caucasian | 4.0 | 3.6 | -0.4 | 7.2 |
| Black or African American | 7.5 | 7.7 | +0.2 | 11.5 |
| Hispanic, Latino/a, or Spanish Origin | 5.8 | 5.1 | -0.7 | 10.4 |
| Asian or Asian American | 4.1 | 4.1 | 0.0 | 8.7 |
NOTE: Although the BLS reports the national average for those 16 and over, the tables above include only those that are 18 and over to make a more accurate comparison to the veteran population. Post-9/11 are of the Gulf War Era II (September 2001-present). Other periods of service include Gulf War Era I (August 1990-August 2001), Vietnam Era (August 1964-April 1975), Korean War (July 1950-January 1955), World War II (December 1941-December 1946). Veterans who served in more than one wartime period are classified only in the most recent one. Veterans who served during one of the selected wartime periods and another peacetime period are classified only in the wartime period. The minority-by-gender unemployment rates are not displayed due to small sample size and are more appropriately displayed as annual averages
[1] https://www.bls.gov/news.release/empsit.nr0.htm