Quantcast
Get breaking news alerts via email

Click here to manage your alerts
Veterans’ unemployment edges down but remains high

By TOM RAUM

The Associated Press

First Published Mar 20 2014 07:16 pm • Last Updated Mar 20 2014 07:51 pm

Washington • The unemployment rate for veterans who served since 2001 dipped slightly in 2013 to 9 percent, the Labor Department reported Thursday. That’s down from 9.9 percent the year before, but well above overall civilian unemployment levels of around 7 percent over the same period.

The youngest veterans, aged 18-24, posted an ultra-high jobless rate of 21.4 percent, said the agency’s Bureau of Labor Statistics in its annual review of unemployment among former members of the armed services.

Join the Discussion
Post a Comment

The report documents that, despite training and job skills acquired in the military, young veterans of recent conflicts have generally encountered more difficulty in finding work than civilians.

"Veterans have the skills that employers are looking for. They make our nation’s workforce more productive, our companies more profitable and our economy more competitive. Smart businesses recruit veterans because it’s in their self-interest, because they know it’s a sound investment in their bottom line," Labor Secretary Thomas E. Perez said in a statement.

Veterans with the highest jobless numbers served in the military after the Sept. 11, 2001, terror attacks.

For all veterans, the unemployment rate was 6.6 percent in 2013, down from 7 percent the year before.

That’s not markedly different from overall unemployment levels in the United States, which averaged 7.4 percent in 2013 and finished the year with a 6.7 percent rate for December. The most recent overall unemployment rate was also 6.7 percent in February 2014.

"Those in the youngest group are experiencing unemployment at a higher rate than their nonveteran peers," said Teresa W. Gerton, deputy assistant secretary for policy in the department’s Veterans’ Employment and Training Service.

"But their labor participation rates are higher. Their attachment to the labor force is stronger. They’re out there trying to get a job," Gerton said in an interview. She suggested that the picture will get brighter "as the economy continues to recover."

Gerton said there has always been a transition period as people leave the military and join the civilian workforce. "We work closely with a broad spectrum of employers" to help shorten that transition time, she said. "They understand the value that veterans bring."


story continues below
story continues below

The economy is still digging out from the 2007-2009 Great Recession and it will likely be some time before overall unemployment returns to pre-recessionary levels of 5 percent or lower.

Heidi Shierholz, an economist with the labor-oriented Economic Policy Institute, said the new report documents a well-known trend: "We all know that young workers have higher unemployment rates. It doesn’t mean they’re worse off as a group."

Other highlights of the veterans’ jobs report:

—Twenty-nine percent of veterans serving since 2001 reported having a service-connected disability as of last August, compared with 15 percent of all veterans.

— In 2013, 21.4 million men and women, or 9 percent of the general population age 18 and over, were veterans.

—Veterans who served during World War II, the Korean War and the Vietnam era accounted for roughly half of the total veteran population in the United States of 21.4 million men and women.

—The unemployment rate for recent veterans has been noticeably higher than it is for non-veterans in the same demographic group, although the gap has been narrowing.

—States with the highest unemployment rate among veterans were Michigan and New Jersey, both with over 10 percent. States with the lowest rates were Delaware, Iowa, North Dakota, Vermont and Virginia, all under 4 percent.

The new numbers came out a day after President Barack Obama presented the Medal of Honor to 24 Army veterans in recognition of their valor during major combat operations in World War II, the Korean War and the Vietnam War.

Next Page >


Copyright 2014 The Salt Lake Tribune. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Top Reader Comments Read All Comments Post a Comment
Click here to read all comments   Click here to post a comment


About Reader Comments


Reader comments on sltrib.com are the opinions of the writer, not The Salt Lake Tribune. We will delete comments containing obscenities, personal attacks and inappropriate or offensive remarks. Flagrant or repeat violators will be banned. If you see an objectionable comment, please alert us by clicking the arrow on the upper right side of the comment and selecting "Flag comment as inappropriate". If you've recently registered with Disqus or aren't seeing your comments immediately, you may need to verify your email address. To do so, visit disqus.com/account.
See more about comments here.
Staying Connected
Videos
Jobs
Contests and Promotions
  • Search Obituaries
  • Place an Obituary

  • Search Cars
  • Search Homes
  • Search Jobs
  • Search Marketplace
  • Search Legal Notices

  • Other Services
  • Advertise With Us
  • Subscribe to the Newspaper
  • Access your e-Edition
  • Frequently Asked Questions
  • Contact a newsroom staff member
  • Access the Trib Archives
  • Privacy Policy
  • Missing your paper? Need to place your paper on vacation hold? For this and any other subscription related needs, click here or call 801.204.6100.