10% Unemployment for Post-9/11 Era Vets; 246,000 Looking for Work
(CNSNews.com) – The Bureau of Labor Statistics reports that among U.S. military veterans, who were on active duty at some point from September 2001 to the present, the unemployment rate is 10.0 percent.
When President Barack Obama was inaugurated in January 2009, the unemployment rate among this group of veterans was 8.9 percent.
The rate had dropped as low as 7.2 percent this June, but has been climbing since then, and is above the overall national unemployment rate, which is 7.3 percent.
In January 2009, when Obama took office, there were 135,000 unemployed post-9/11 era veterans. In October 2013, there were 246,000--an increase of 111,000 unemployed post-9/11 veterans during Obama's presidency.
At the same time, the number of post-9/11 veterans has dramatically increased, climbing from 1,800,000 in January 2009 to 3,025,000 today.
Among male "Gulf War Era 2" veterans--as the BLS terms veterans who served on active duty after September 2001--the unemployment rate is 9.6 percent. Among females it is 11.6 percent.
Labor force participation is high among this group of veterans. According to BLS, it was 81.5 percent in October 2013 and 84.6 percent in January 2009, when Obama took office. Among the general population, the labor force participation rate was 65.7 percent in January 2009 and 62.8 percent in October 2013.
To be participating in the labor force a veteran must either have a job or have been actively seeking a job in the past four weeks. An unemployed veteran is one who did not have a job in the past four weeks but was actively seeking one.